Dear Sirs,
I have a critical case which I am putiitng forward to seek expert advises,
A is the MD of a Construction company in UAE, while B is an acting Director / silent partner in the company with no legal documents or any kind of MOU, it was on good faith. B has given money to A, taking loan of around 50 lacs and C does not know who A is and does not have any bond or control on him as well.
Now the situation is A has betrayed B and looted money which B had borrowed and given to him with a duplicate Passport and absconded. A has literally backstabbed/ betrayed B and now hiding in the villages in India, C is holding B responsible (obviously) for his money and not allowing him to travel back to India.
And the question is... is there any Law and its procedures in India which could support B on the above situation and get B his money back for which B is willing to pay % of share after taking money from A.
Your expert advise is highly appreciated.
