Dear Sir, recently my partnership firm in Delhi closed down. It was a 50 - 50 ratio partnership. There is a dispute between partners. No dissolution deed has been signed. There are 3 Sec 138 cases filed against us. My partner is not willing to pay and sort. I am willing to pay my 50% share. Can I be exempted after paying my share. Both people have signed the cheques. Is there any case law? Our lawyer is my partners very close friend, and I am afraid he could be talking his side. I have a hearing on Monday, so urgent response will be of great help. I do not want to get bail and give surety just want thus case to get over.
