Dear Members,
Request the members to reply on this issue asap, PLEASE
The problem is like this:
I started a business with 2 friends of mine some 2-3 yrs back. For 1st year the transaction was in cash.
2nd year we decided to open an a/c. Some how they convinced me to open a proprietorship a/c in my name.
Which foolishly I did, in good faith. From last 6 months they started having fights with me. The business was done from one of my partners office. All the documents, letter heads, bills and cheques were at this office. Most of the times I was out of my office in other states for sourcing goods. I was asked to signed the cheques for official use.
I had kept signed cheques at my partners office. Then suddenly they took the keys from me and shifted the office with all the documents. Now they are threatening me with these cheques. in fact they have given 3 cheques to one of my partners brother, which they deposited in the bank and got the same bounced. But I had stopped these cheques. Now they have sent notice for bounced chqs.
Please help.
