A person is suing me for title of land with partnership deed
Supreet singh
(Querist) 30 January 2019
This query is : Resolved
Hello Experts,
Till 2007, I was the proprietor of my firm ( Owner of land and business).In 2008, the business was in a loss and my health was also not good. So I made new partners who were very close to me. I executed partnership deed and retired myself and submitted the documents in the registrar of firms. so that I can save the business.
But they frauded me and the business was shut down. This all happened due to trust
Now they are suing me in Civil court for the title of the land from past many years.
Q) So my question is in Indian Law, is it possible to grab the property by just executing partnership deed?
While doing my research I came to know about Indian registration act 1908 section 17 which states that the Title/Ownership the land cannot be changed without doing registration of land if the cost of land is above 100 Rs
Is it true?
Because They are suing me for Title of land and no registry is done, no stamp duty is paid.No payment is done.
Ksreddyacs
(Expert) 31 January 2019
Dear Supreet Sing,
1. It is not possible to grab your land by just executing Partnership deed.
2. It Should be ratify by way of registration of Sale deed. Till then no one can claim your property by way of just executing the deed.
Supreet singh
(Querist) 31 January 2019
Thank you @Ksreddyacs Sir for your valuable opinion..
kavksatyanarayana
(Expert) 31 January 2019
Till the year 2007 you did your own business. You were the sole proprietor of your business. You have a landed the property. In 2008 you entered into Partnership business with your two friends. When entering into Firm business, if you have not invested the land as capital, then you are cent% safe. they cannot grab your land.
