Transfer of business without paying agreed amount


We have taken dealership paying amount along with an agreement, that they will pay back 3% in return, even if no sale every month on the condition we need to maintain 75% of the stock amount with company.

1 year all transaction went well and suddenly they stopped payments and that company transferred on another person's name. We have agreement letter worth Rs. 100 stamp paper and amounts were transferred Bank to Bank, no cash transactions. Whats the best way to deal with it?

Answers (1)


353 votes
Your relation is through the agreement. Check if it is in personal capacity or on behalf of the company. If it is in personal capacity then you will have to locate the person and if on behalf of company, even if the business is transferred, the new company will have to bear the liability if any.

Go through the agreement minutely, find if you have clear cause of action. If you find any fraudulence there you can go for criminal case and file an FIR with police.


Googling your legal issue online?

The internet is not a lawyer and neither are you.
Talk to a real lawyer about your legal issue.

Popular Recovery Lawyers


Advocate Rajesh Rai
Sector-19, Dwarka, Delhi
20 years Experience
Advocate Sunil Kumar Bakshi
Sector-16, Faridabad
33 years Experience
Advocate J. P. Rinwa
Swej Farm, Sodala, Jaipur
19 years Experience
Advocate Jaspreet Singh Rai
Greater Kailash 1, Delhi
17 years Experience

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 Recovery Lawyers at LawRato.com to address the specific facts and details. You may post your specific query based on your facts and details to get a response from one of the Lawyers at LawRato.com or contact a Lawyer of your choice to address your query in detail.

Related Questions


"LawRato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."



Related Articles