India  |  Business Law

Legal Question

Asked on: 5/12/13, 12:30 am

We were 3 directors of a pvt ltd co after the lending bank got a settlement between us 3 1 of my co director entered into a notarised agreement detailing the compensation and take over of all liabilities and compensation payable to me and issued cheques too for the same pays the first installment then stops further payments and goes back on his commitments too stating that the agreement is not registered hence it is not binding on him, my question is what is the legal validity of this agreement, pls note agreement mentions clearly any writing procedure or legal documentaion or registeration arising out of this agreement is sole responsibility of him and not me and he shall only bear the expenses of the same i will only have to co operate

Didn't find what you were looking for? Ask an Attorney!

Get answers from the top Attorneys
Ask Question

70 Answers given in the last few hours.

86611 Active attorneys ready to answer your question

Search Past Answers:
  Advanced Search