Ask an expert!
Legal, accounting and compliance advice from qualified professionals.
In this case, you should have done one more thing, You should have given an affidavit saying that the partnership is modified and you do not have any liability whatsoever. If the bank had accepted that affidavit they could not have approached you now. However, I must congratulate you that you had a good CA and has done most of his work in order. Howev...