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you must be having partnership deed, and you mention that you have some agreement for the settlement of payment between you and your friend. In that settlement agreement the mode of payment is specified anywhere, in case your friend have not fulfilled the said clause then you have right to go to the court for the compensation. You can request the cour...
Wazzeer Professional Network
ProfessionalHI, I was in business partnership with one of my friend. We had started a shop. Business was quite attractive. But after some month of starting a business, my business partner started stealing some material to his another shop which he started after our shop. There were some conflicts in between us and with some understanding and negotiations, I decided to move out by taking some money and leaving the business to him. Now the problem is he is not giving me the money which we had decided that he will pay me.
He already gave some money and for rest, he is just pushing to next day which is yet to come. What options I have in front of me in this situation? Can I get a court stay order to lock the shop until he gives me money? For your info, still we both are an owner of the paper and bank account is also same, basically, nothing changed. He is not depositing money into that shop account. We had done an agreement thru one advocate and CA during the settlement whose only photocopy is with me. The said business is in Maharashtra.
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Wazzeer Professional Network
Professionalyou must be having partnership deed, and you mention that you have some agreement for the settlement of payment between you and your friend. In that settlement agreement the mode of payment is specified anywhere, in case your friend have not fulfilled the said clause then you have right to go to the court for the compensation. You can request the court for the claim as soon as possible but not to lock the shop until he gives your money back.
'Get your Wazzeer' to have a detailed consultation with your Wazzeer.
over 3 years ago
View answer
HI, I was in business partnership with one of my friend. We had started a shop. Business was quite attractive. But after some month of starting a business, my business partner started stealing some material to his another shop which he started after our shop. There were some conflicts in between us and with some understanding and negotiations, I decided to move out by taking some money and leaving the business to him. Now the problem is he is not giving me the money which we had decided that he will pay me.
He already gave some money and for rest, he is just pushing to next day which is yet to come. What options I have in front of me in this situation? Can I get a court stay order to lock the shop until he gives me money? For your info, still we both are an owner of the paper and bank account is also same, basically, nothing changed. He is not depositing money into that shop account. We had done an agreement thru one advocate and CA during the settlement whose only photocopy is with me. The said business is in Maharashtra.
-
Wazzeer Professional Network
Professionalyou must be having partnership deed, and you mention that you have some agreement for the settlement of payment between you and your friend. In that settlement agreement the mode of payment is specified anywhere, in case your friend have not fulfilled the said clause then you have right to go to the court for the compensation. You can request the court for the claim as soon as possible but not to lock the shop until he gives your money back.
'Get your Wazzeer' to have a detailed consultation with your Wazzeer.
over 3 years ago
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