Online Copyright Registration in India

Protect your creative work
Books, Songs, film, websites, Software, painting, fashion Design etc
Call now: 09891244487

Ask Our legal Experts, on issues related to Divorce

File Mutual Consent divorce right away

Call at ph no: 9650499965
Search On:Laws in IndiaLawyers Search

To Appeal before CIC - Central Information Commission
For Filing and Hearing contact: Choudhury's law Office
Ph no: 8851046564

Author Topic: Defaulting payment on sale of business  (Read 87 times)

0 Members and 1 Guest are viewing this topic.

Offline vida

  • Newlaw
  • *
  • Posts: 1
  • Karma: +0/-0
  • Welcome to legal Service India - law forum for free legal Information
    • View Profile
Defaulting payment on sale of business
« on: June 02, 2018, 03:40:03 AM »
I had sold my business to a partner who promised to give me approx Rs.5L in February but have paid only 2.75 last month. He's been defaulting the payment for money months now. He's promised to give in many occasions but when the date arrives he didn't pay them.

Due to him not clearing my money i am paying interest to my credit card company and another third party. I had told this person and he's given his promise to clear all these interests i have to pay.

But now he's saying he cannot all the interests but will pay about 1.5% because the law states so.

1. He's agreed to pay them until now
2. I am not lending him money. I am not a money lender to charge %. He agreed to pay the interests for delaying my payment.

This is not money lending but a sale of business in which he's been defaulting on payment of my dues.

Since he's threatened me with legal provisions i am thinking of suing him. What would you advise.

LOcation Bangalore.

Free legal Advice - lawyers Forum

Defaulting payment on sale of business
« on: June 02, 2018, 03:40:03 AM »

 

File a Consumer Complaint
Property verification
Call: 9873628941

Lawyers in India - Listed city wise Mumbai
Bangalore
Pune
Pondicherry
Jaipur
lawyers in London
lawyers in Birmingham
Chennai
Allahabad
Ahmedabad
Jodhpur
Indore
lawyers in Toronto
lawyers in Sydney

Cochin
Lucknow
Ranchi
Thane
Janjgir
lawyers in Milan
Johannesburg

Delhi - New Delhi
Chandigarh
Surat
Nashik
lawyers in New York
los Angeles
Kolkata
Hyderabad
Rajkot
Nagpur
lawyers in Dhaka
lawyers in Dubai

Copyright Registration

Ph no: 9891244487

For Mutual consent Divorce in Delhi - Ph no: 9650499965

Home | Bare Acts | Law Forms | Supreme Court Judgments | Legal Advice | Lawyers | Submit article | Sitemap | Contact Us

legal Service India.com is Copyrighted under the Registrar of Copyright Act ( Govt of India) 2000-2018
Get Free legal Advice here from top notch lawyers in India