Partners denied to pay my profits, after my exit.

Question

Partners denied to pay my profits, after my exit.

15-Oct-2023 (In Corporate Law)

Recently, I gave my resignation from the company. In the company I had invested almost 2 lacs, and we all had decided that the investing partners world get x6 of the amount after 6-7 months. Before leaving I somehow received the principal amount that is 2 lacs, and the partners decided that they would pay me my returns slowly slowly. All these were made verbally and through mail. But after few months my partners denied to pay me back even a penny. Is there any way I can charge them legally?

Answers (2)

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Advocate Anubhav Kathuria LawRato · Accepted Answer · 2019-10-15T17:49:10+05:30

Answer #1

I have perused the contents of your query and would advise you to issue a strongly worded legal notice to the concerned at the earliest possible and seek your money. Followed by a suit for recovery of dues. For further consultancy and legal services you may contact us.

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Advocate Pawan Prakash Pathak LawRato · Accepted Answer · 2019-10-18T20:55:16+05:30

Answer #2

send them the legal notice and if they bounded themselves by the agreement that is partnership. if there is a clause for 6x payment by other partners at exit option then yes certainly you can do so and you also have email communication which can bind them.

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Adv. Pawan Prakash Pathak Adv. Pawan Prakash Pathak

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