my business partner locked the firm and is not allowing to enter into firm and not running the business either.
upon arbitration discussions, he is forcing me either to buy or sell of share in the firm and partnership can not be carried any more.
I am not ready to sell the share as this is the only source of my living and can not carry a new business due to my age and agreed to buy share at a regular market price.
in this scenario, he is setting/quoting a price which is not the actual market price of property and not agreeing for any other price (set by village/business heads) and forcing to sell/buy to a price which is set by his own.
to note, our partnership deed is agreed in 1992 mutually on papers, but not registered in govt records.
please advise how to proceed in this scenario as approaching the police also not resulted anything and I am continuing to loose the income due to close of firm.