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Legal remedies for partnership conflict in business


26-May-2023 (In Corporate Law)
I opened a crusher plant with 2 partners 6 months ago. According to the share I have invested around 75% and they have only invested 25. But recently they created nuisance over the plant and by unfair means started defaming our firm . They also refused to come to any solution. And I am stuck with my investment. Infact the loan from.the bank is on my credit. What should I do?
Answers (2)

Answer #1
845 votes
Dear owner , these kind of things happen in the firm where the clash of leadership over the functional responsibilty or over investment. As per law such things are resolved by. means of arbitration or by associating counsel to resolve such issues.
Answer #2
734 votes
firstly do go through your agreement of partnership what clause are in your favor if no such clause is in ur favor then remedy is only to file before the lower court is to file suit for damages and injunction suit s the remedy.

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