Financial loss

Dear Client,
A Deed of Partnership also known as a partnership constitution that governs the relationship between the partners and all other allied matters of a partnership business is a crucial and significant document to resolve any dispute or difference between the partners. If there exists any clause of arbitration in the deed of partnership, you can use that recourse to resolve the issue at the pre-litigation stage. Further, a dispute between traders or businessmen is considered a commercial dispute and the remedy lies with the Commercial Court constituted under the Commercial Court Act, 2015. A commercial dispute is a disagreement relating to commerce between two or more stakeholders. These disputes generally arise in relation to contract terms and conditions, fiduciary duties, or intellectual property rights, and may be settled through court proceedings or alternative dispute resolution(ADR). So, considering the nature of the dispute, you can escalate your grievance before the Commercial Court for redressal. You can also file a civil suit for recovery of your investment in the partnership business. If required, hire an Advocate to navigate the issues in the right way.