We are four Partners (family members) 25% each in a family owned Partnership Firm since 1985.
One of the partner had some personel dues to clear with three of the other partner.
The third partner (debtor) started lingring the matter since september 2020 and recently gave an application to
our bank having our Current account of the firm and stopped all transactions.We were operating day to day
transaction of creditors and debtors and were shocked to see our balances freeze. He has threatened to close
down our company or let his dues get waived off. We are in dilemma that holding 75 % of partnership firms
rights what action we should take to revive our current account and take legal action against him.