Legal Question in Credit and Debt Law in India

Partnerships

My partner is trying to cheat by not giving me a share of the profits. we dont have any written agreement about the partnership. We also dont have any valid documents about the expenditures incurred. Ours is a construction business.


Asked on 12/27/04, 11:35 am

2 Answers from Attorneys
Vivek Mapara Mapara Law Firm

Re: Partnerships

Sir,

For such dispute, u can file a suit for accounts against ur partner, which is maintainable for even an unregistered firm.

If u think ur partner will deceive u in furture then u can also with seek disolution of the firm.

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Answered on 12/30/04, 2:27 pm
JATIN POPAT JSP ASSOCIATES

Re: Partnerships

It is not necessary to have all paqrtnership deeds in writing, you can file a suit in court for disolution where you will have to show some evidences like bank accounts, money you paid to business, some meetings took place with vendors/customers etc.

You also can file 'cheating' case with police if you are really cheated.

regards

Jatin

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Answered on 12/28/04, 11:59 pm


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