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How / What to take Legal Action , My Business partner done Fraud


11-Oct-2023 (In Breach of Contract Law)
I have started my Pvt Ltd company ( Travel company ) in 2015 in Delhi & in this company i have made my elder brother as silent partner with 10% of company Share . In 2017 i have added 2 more friend as as partner & profit share of 15% each person.But as mutual understanding we decided that we will share the profit in 3 equal part but there is no any written documents for the same. We was working hard & growing our business with our best work .In July 2019 i was out of city due to family function & once i came back to Delhi i found that my both partner ( Both friend ) started new company with our all the employ without any prior information or intimation to me . they have mail me that we can only transfer the 15% share to you when you will pay me 10 Lakh & 15 Lakh . From the market ( Client ) i got information that they are contacting with our client & saying that we are new branch of previous company Please help Me what Legal action i can take on my partners , i am feeling totally help
Answers (2)

Answer #1
839 votes
I have perused the contents of your query and would advise you to file a police complaint against the concerned directors and follow up for the FIR for Criminal breach of trust. Moreover a strongly worded legal notice to the concerned directors is advisable. Further for breach of contract we have to see the terms of the contract executed between the directors per se. For further consultancy and legal services you may contact us.
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Answer #2
712 votes
Prime question for consideration herein is that whether your partners are the directors and whether they have mobilised company’s funds for their startup. If so then it is a dispute of PMLA. Also this is also a criminal case of fraud and breach of trust punishable in IPC. And also you can charge them for personation.
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