Loss in startup now partners harassing to return the investment done
20-Jul-2023 (In Civil Law)
Hi, I have had a start up in 2013. Mutually we run the business and losses incurred in the business. There was a new partner who also invested and still we could not be successful. Now the losses incurred by the new investor is asking for the money back and threatening calls received everyday after 2 years. We have taken some loans on business and decided we 3 will share and pay it. Now they are behind only me asking me to pay. Please advise
in this case, you can file a suit for recovery under the provisions of civil procedure code. however, you can also make a complaint to the police for the infringement of your rights. Before this, you can send them a legal notice stating your demands and concerns.
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