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Author Topic: after split with my business partner he didnt pay back my investment as he agree  (Read 195 times)

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Offline chetaan

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hello,
i started a restro business with my friend in 2017 may and invested 8 lakhs in his already running cafe, we mutually agreed that i will be a investor in his resto with 40% profit sharing however he kept delaying to get business agreement.trusting him i transfrd him 8 lakhs out of which 5 lakhs i took personal loan and 3 lakhs from my parents, in sept 2017 we split up and he agreed to pay my entire amount back he said he will try to pay me 3lakhs asap and will pay the emi for the loan i took, now i have call recordings of him about this entire convo. since last 3 months he has been giving me various fake reasons that he is trying to arrange 3 lakhs and he has been paying my emi now i recenlty found out he started another cafe, this clrearly indicated that he is not intrested in paying me money now  can i lodge a police complain of 420? or cheating since i have proofs of all bank transfers plus call recordings where he has been convicing me that he isnt getting loan to pay my money back? please advise i am an IT working professional and i do have local police contacts but i wanna know what exactly can be done here any response will be very much appreciated.

Offline Deepak Joshi

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Hello,
Legal course of action will depend unto the documents/agreement/contract/ partnership deed you guys have signed .
If possible for you please share all these details.
« Last Edit: May 22, 2018, 08:41:47 PM by admin »

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