Thanks ANS, that was helpful.

The problem is they are saying bye bye to me on may 31st, which is right around the corner. I have found a university that will issue i20. The only problem is I might actually get I20 by June, which might put me in a compromising situation if the consultancy revoked my H1. Any idea?

Any input on this matter is highly appreciated.

Is there any legal action I can take to that company?