India  |  Business Law

Legal Question

Asked on: 6/27/13, 8:08 am

loan is taken by frist partner in 2008 after dissolution of second partner in 2007.and issued cheques form the same partnership account. now cheque bounce case is been filled by bankig institution on both the partner what is the liabilty of second partner for this. the dissolution take place in 2007 and loan in taken in 2008. even i as a second partner didnt sign any of bank document for loan and not aware of that even. Also not signed on the cheques. And it is clearly mentioned in dissolution deed that the company will be run by first partner as propritor. All the consern authorities like sales tax and incometax and exicse were informed.

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