Complaint against partner for threatening and not bearing losses.
12-Nov-2023 (In Startup Law)
Sir Ive created a partnership with one person for a call center project in which we comes under very big loss. And we have mentioned in our agreement that well face 60-40 percent loss and profit in which 60 percent will be his and now hes threatening me by saying that Ill have to bear all the loss by myself otherwise he has links in big courts by which he will put charges on me. So I need to know how can I get out of this as Im ready to pay my 40% of loss, but hes planning to do something else
Please prepare a summary of your greivance and go to your nearest police station and get your complaint stamped. once this is done, the police may call your partner and ask to settle the matter. if not, consult a lawyer and the lawyer will tell you about the legal recourse.
You can file a criminal complaint on the basis of threatening you, its better to take the first step now, later if he files any false case against you first that would be of a problem to you for the long run.
You should immediately send him a notice stating that you wish to opt out of the partnership agreement and wanted to settle the business account as per the partnership deed.
If he refuses to answer your notice or do not gives any proper response or try to threaten you then in that case you should immediately move to court. Try keeping the record of all the conversations from now on including the phone records etc.
If he refuses to answer your notice or do not gives any proper response or try to threaten you then in that case you should immediately move to court. Try keeping the record of all the conversations from now on including the phone records etc.
Hello as per Ur query ,
You have suffered a huge loss in Ur call centre business .which u have started in partnership with an understanding of MOU under which you have to hear 40 % & Ur partner will bear a loss of 60% percent as in present time Ur partner Is now trying to harrassment you an forcing u to bear 100%loss other wise he will drag u in.false cases in this case u have to urgently talk to an advocate to get rid of him.
You have suffered a huge loss in Ur call centre business .which u have started in partnership with an understanding of MOU under which you have to hear 40 % & Ur partner will bear a loss of 60% percent as in present time Ur partner Is now trying to harrassment you an forcing u to bear 100%loss other wise he will drag u in.false cases in this case u have to urgently talk to an advocate to get rid of him.
Pls consult a lawyer, there will be many factors before saying anything like partnership agreement is registered and what communications etc, if agreement in place than he is liable to pay losses, but because this partnership firm so debtor of company can enforce and get their dues from any one of you as partners, if he is not reachable you will be responsible to pay. You can take the legal route to enforce your rights and ask him to pay, in short file a suit asap on him.
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.
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