Partners dont want to work with me anymore
Partners dont want to work with me anymore
I and two other friends (say A and B) started a Pvt. Ltd. company a few years back. We have equity shares of A-48%, B-26%, and me -26%. Due to a family crisis, I could not invest much time in the busi... (Kolkata, West Bengal)
1 month ago
A. Dear Client,
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 trade or 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) ...ReadMore
Business Partner cheating
We 3 partners started A business at VAPI gujrat and took SME loan of Rs 56 lakh, 2 partners were in VAPI and i was in Pune, we decided that these 2 partners will run business as i was having other bu... (Pune, Maharashtra)
2 months ago
A. Dear Client,
In the given scenario, serving a legal notice to other partners, you can file a criminal suit against them for criminal breach of trust and cheating under Section 316 and Section 318 of the Bharatiya Nyaya Sanhita(BNS) seeking damages/compensation. Apart from this, you may go through the SME loan papers based on which a loan was sanctioned to a business to ensure that your name is shown as a partner of the said partnership business to avail of the loan. In the absence of your name ...ReadMore
Land Transfer Through Bainama with Existing KCC Loan
Like I was becoming a partner in a buisness by giving money get 1/4 ownership meanwhile I discovered that it was a fraud so i asked for my money and cancel the agreement so he did cancel agreement and... (Kanshiram Nagar, Uttar Pradesh)
2 months ago
A. Dear Client,
A property/land hypothecated against a loan cannot be a subject matter of any agreement or contract. In the given scenario, serving a legal notice to the person, file a criminal suit against him under Sections 318 and 351 of 351 of the Bharatiya Nyaya Sanhita(BNS) for cheating and criminal intimidation. You can file a private complaint against the person in the court of the Magistrate under Section 223 of BNSS which outlines the procedure for a Magistrate to take cognizance of an of ...ReadMore
Business partnership withdrawal and compensation
My friend and I were business partners for last 3 years. Due to financial mismanagement by my partner, I decided to withdraw the partnership. I had communicated this seven months ago. But I never got ... (Kannur, Kerala)
3 months ago
A. Dear Sir,
It is a civil litigation as such it will take years together to settle the matter. Take care of your money and after getting most of your money you may withdraw from such partnership.
Business partner no communication
Please help to resolve my current situation. I and my friend have been business partners over last 3 years. This company is a propretership with him owning 60% and me owning 40%. We took a loan of 4.5... (Kannur, Kerala)
3 months ago
A. Dear client,
In your situation, it’s clear that your partner is trying to avoid financial responsibility and prolong the resolution of your withdrawal from the partnership. Here are some legal steps you can take:
1. Send a Legal Notice:
Consult a lawyer and draft a formal legal notice to your partner. The notice should:
Specify your request to withdraw from the partnership.
Demand repayment of your investment, including 60% of the loan and the additional ₹3.5 lakhs.
Insist on closing the C ...ReadMore
Conversion land
We have a property 2 friends ? Convertion of land is done and .. now we have decide to divide in two .. there are two survey one is front and back .. we had visited to court for this and court have o... (Chikballapur, Karnataka)
5 months ago
A. Dear Client,
If the court has ordered the division of the property. At first understand the specifics of the court order, including how the property is to be divided. Hire a government-approved land surveyor, they will physically mark the boundaries as per the court’s directions and provide a detailed map showing the division. The surveyor will demarcate the land on-site according to the court's order. After the land is divided, you need to apply for the mutation of land records, which shall g ...ReadMore
Vidhikarya
Diversion of profit by partners
I was a partner in a C&F agency that represented a specific company. The agency earned commissions on product sales. My partners later started a competing C&F agency for the same company in a differen... (New Delhi, Delhi)
5 months ago
A. Dear Client,
Since the dispute between the partners of a partnership firm was held for commercial purposes, it 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/business between two or more stakeholders. These disputes generally arise in relation to contract terms and conditions, fiduciary duties or intellectual property rights, and are resolved or settle ...ReadMore
Validity of email from past partnership as acknowledgment of loan
My parents lent money to a partnership firm in 2018 where my wife was a partner. She left in 2021. The remaining partners refuse to repay, citing lack of funds. They've now cut off all communication. ... (Ghaziabad, Uttar Pradesh)
5 months ago
A. Dear Client,
The limitation period for filing a suit for specific performance, as per Article 54 of the Schedule to the Limitation Act, 1963 is 3 years 'from the date fixed for performance or if no such date is fixed, when the plaintiff has notice that the performance is refused. The time limit for bringing a civil recovery claim is also three years from the date of cause of action. When your parents lent money to a partnership firm in 2018 and if the claim is denied by the partners after the e ...ReadMore
Vidhikarya
Recovery of money
We 5 partners have executed registered partnership deed.I have deposited 20 lakhs rupees in firms account.Other partners to whom authority was given for operating bank accounts misused the amount for ... (Nagpur, Maharashtra)
5 months ago
A. Dear Client,
According to Section 4 of the Partnership Act, 1932, “Persons who have entered into a partnership with one another are called individually “partners” and collectively “a firm”, and the name under which their business is carried on is called the “firm name”. The most common disputes that arise in partnership business are - Fraud, Breach of contract, Revealing confidential business information, Misappropriation of funds, and Financial management disputes. Generally, the ...ReadMore
Vidhikarya
Diversion of profits and sale to a different company
Can I get a full investigation done and press charges for fraud and get my partnership amount ?... (Hyderabad, Telangana)
6 months ago
A. Dear Client,
According to Section 4 of the Partnership Act, 1932, “Persons who have entered into a partnership with one another are called individually “partners” and collectively “a firm”, and the name under which their business is carried on is called the “firm name”. The most common disputes that arise in partnership business are - Fraud, Breach of contract, Revealing confidential business information, Misappropriation of funds, and Financial management disputes. Generally, the ...ReadMore
Vidhikarya
