Recovery from a friend firm which in turn invested in his friend enter
19-Sep-2023 (In Civil Law)
My group of friends have made investment in a frim through on line transfer.
which in turn that firm had some deal with other enterprises.
Firm director has taken in belief and also made us to invest to other enterprises.
Now it's been 6 years where we are struggling to take money back, for security we have cheque from Enterprises. We don't have any leagal document for investment.
all transfer made online. we have some E mail communication for investment.
now this Enterprises told us he will sign documnt that he has taken our money and return by suitable property.
Which kind of document we should prepare where Firm Director also comes in to frame work.
Firm directors are 3 members where one of the is Enterprises owner's wife.
The document should be in the form of a contract, containing the past payments made by you to the firm. The contract should contain payment details and mode of repayment to you in terms of money or some other property within a definite time frame. The document should create lawful security in your favour and should also mention mode of grievance redressal in case repayment is not made, i.e. arbitration, mediation or court proceedings.
in case you require any assistance, kindly contact me through lawrato.
Regards,
Adv. Shrikant Bagade
in case you require any assistance, kindly contact me through lawrato.
Regards,
Adv. Shrikant Bagade
You can create a Liability Acknowledgement Document wherein the Firm Directors acknowledge their liability to repay you the money which they owe and as such get their signatures on that Document. Do not worry, you will get justice.
Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to address the specific facts and details.
Connect with top Civil lawyers for your specific legal issue
No Comments! Be the first one to comment.
"lawrato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."