Money loss in trading Money loss in trading

3 months ago

We don't have paper agreement we verbal commitment, my friend will invest I will trade we both share profit we didn't talk about loss now I lost in trading he is threatening me to police complaint

Anik

Responded 3 months ago

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A.Dear Client,
Oral agreement are not binding on the either parties. But legal FIR can be filed but you may challenge in the high court.
Thankyou
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Vidhi Samaadhaan Vidhi Samaadhaan

Kishan Dutt Kalaskar

Responded 3 months ago

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A.Dear Sir,
He cannot do anything because it is oral agreement which is not binding either upon you. But Police may register false case. Then you may approach High Court and get it quashed.
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