Ways to resolve director's dispute

If it is a partnership firm, what are the terms and conditions governing the partnership?, you can get the solution by revisiting the terms of your partnership deed.

Thanks for your reply

Its a pvt. ltd. company.

Other director is authorized signatory and also the company account is single owned by that director. Since i was in a glimpse that everything would work fine... but things are worse now...

Is there a way i can temporary close the company bank account. (its ICICI account) so that transactions cannot be done till the things are not resolved.

If the account is operated by a single person even in the name  of the company as a director/proprietor, by giving a letter, you can close the account, there is nothing wrong in it but what are the other conditions with the so called partner which is controlling the business? better to have a consultation with the company's auditor by presenting the factual situation and go by his advise instead of hanging around the legal issues later on.