Respected Sir, I had invested Rs. 165000/- in an Bakery shop near my house which i used to be a customer for more than 5 years as requested by the owner. The owner promissed to pay Rs. 7000 every month ( had given and parnership agreement) last 4 months he didnt pay and last few weeks he is not opening the business. Now heard he has to pay several people and also taken from Financiars. Please advise what needs to be done
A.Send him a legal notice to that effect and give him a stipulated time period to repay the amount.
In case of non compliance, proceed with a recovery of money suit in the civil court having jurisdiction and send him the summons to appear and contest the same.
Thanks
Adv. Shreyash Mohta
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Partnership in an Bakery
Partnership in an Bakery
