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I and my partner started a business and we went delhi to pay a person money for starting our business, i paid him Rs. - 70,000 and he paid him 65,000. from his hand to that person hand, after that he never helped or showed interest in business. In result i backed from the business, later he starting braging i want my money back, you pay me Rs. 65,000. he bought 1 police man and now they are calling me to police station. do i have to pay him please answer me
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A. Dear Sir, In general cases, partnership deed is the governing agreement between the partners. The partnership deed covers the duties and responsibilities of the partners. Please share across the deed for a further advice.
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Vedant Lakhotia Exp: 3 Year(s) Kolkata
Hello I was doing business with my one partner we have unregistered partnership deed. After business continues there is some dispute between us so my partner freeze bank debit so now we have dissolved firm and also signed dissolution deed on that we have settled of all assets except bank. On deed we have also mentioned that there is 450000 in our bank account also mention account number and branch detail. After dissolution deed my partner is denied to go bank to remove unfreeze account he thinks he will ate all bank balance but we have mentioned in dissolution deed this much amount is available in bank and this much distribution to each partner. So can I go bank directly and show them deed that give me this much amount as mention in deed or can I sue on him? Both deed partnership and dissolution is unregistered
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A. Dear Sir, The profits and losses are shared between partners as per partnership deed. If the same is not shared then you may take legal recourse.
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Vedant Lakhotia Exp: 3 Year(s) Kolkata

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