Partnerhsip dissolution

Janhavi Mantri (Querist) 22 April 2015 This query is : Resolved
Dear Sir,

My husband & his friend started a business (Amul shop)in July 2014 in partnership. In November 2014 his partner gave resignation as a partner and now he is demanding the entire money put in the business by him (200,000)

My husband said he is ready to give 100,000 back but full amount is not possible and the money is already spent (rent + electricity + civil work + freezer etc).

The partner's wife is a police inspector and trying to pressurized by the local police station to get the entire money back. The police officer had called my husband to police station and now he is threatening my husband and if you don't give the money back he will file a cheating case against him.

Honestly we have not cheated him. This was his decision and he left the business.

Please advice aswe have been pressurized by the police inspector.

Regards,

Janhavi

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kavksatyanarayana (Expert) 22 April 2015
Is the partnership registered in Registrar Office? what are terms and conditions the partnership deed? consult a local lawyer or a senior Auditor of Income Tax with the papers you have regarding partnership.

Iqbal A. M. Shaikh (Expert) 23 April 2015
Get your accounts audited by a CA and apply for dissolution of partnership if the firm is registered with Registrar of Firms. Otherwise approach a local advocate for filing of dissolution in local court. Complain to the Higher officer of the Police against the threat by the PI and see if he has permissio of the department to allow his wife to do business. Full detail s are required for proper remedies please contact local lawyer well versed with businesses.

Guest (Expert) 23 April 2015
Repeated query.
http://www.lawyersclubindia.com/experts/Partnership-534426.asp

Rajendra K Goyal (Expert) 24 April 2015
No reply to repeated query.

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