• Business partner fraud

We are two partner  in small cable networking field since last 9 years in chattishgradh. I am also working in one privet company. My partner looking the business work with two workers. But last six month they are refusing the collection money and profit sharing and they also capture the our cable field. Then what I do?
Asked 10 months ago in Business Law from Bhilai, Chhattisgarh
1) issue legal notice to partner to furnish detailed statement of accounts 

2) if he refuses to submit detailed statement and pay your share of profits you can file suit for accounts 

3) yiu can dissolve the partnership as per clauses in your deed of partnership 
Ajay Sethi
Advocate, Mumbai
23334 Answers
1220 Consultations
5.0 on 5.0
The remedy for you is to file a lawsuit for recovery of arrears of profit against the partner and also a lawsuit for injunction to restrain him from ousting you from the partnership. 
Ashish Davessar
Advocate, Jaipur
18171 Answers
449 Consultations
5.0 on 5.0
If you have an agreement or partnership deed, you may enforce the agreement  to recover the profits or revenue sharing. 
You may send a legal notice to the partner demanding him to pay yor share in the business, failing which you may cancel the agreement and file a money recovery suit against him on the basis of some evidence in your possession to prove your claim. 
T Kalaiselvan
Advocate, Vellore
14138 Answers
127 Consultations
5.0 on 5.0

Ask a Lawyer

Get legal answers from top-rated lawyers in 1 hour. It's quick, easy, and anonymous!
Ask a Lawyer

Business Lawyers

T Kalaiselvan
Advocate, Vellore
14138 Answers
127 Consultations
5.0 on 5.0
Ajay Sethi
Advocate, Mumbai
23334 Answers
1220 Consultations
5.0 on 5.0
Ashish Davessar
Advocate, Jaipur
18171 Answers
449 Consultations
5.0 on 5.0
Krishna Kishore Ganguly
Advocate, Kolkata
12131 Answers
233 Consultations
5.0 on 5.0
Devajyoti Barman
Advocate, Kolkata
5239 Answers
54 Consultations
4.9 on 5.0
Nadeem Qureshi
Advocate, New Delhi
3537 Answers
130 Consultations
4.9 on 5.0
Rajgopalan Sripathi
Advocate, Hyderabad
873 Answers
43 Consultations
5.0 on 5.0
Shivendra Pratap Singh
Advocate, Lucknow
2760 Answers
41 Consultations
4.9 on 5.0
Lakshmi Kanth
Advocate, Hyderabad
224 Answers
2 Consultations
4.8 on 5.0
Shashidhar S. Sastry
Advocate, Bangalore
1242 Answers
59 Consultations
5.0 on 5.0