Legal Question in Civil Litigation in India
fight for property between brothers
we are two brothers ...we have 50-50% in our firm...but as
i had invested all the money during the set up...after some
fight both brothers have decided and signed a paper in
which i am entitled for 55% and my brother rest 45% ..now
after 3 months he is saying that he wont give me 55%
...and just 50%...he has blocked all the accounts and i
want to file a case against him...can i file case based on
that paper of 55-45 deal...can i file case from city other
than chandigarh
5 Answers from Attorneys
Re: fight for property between brothers
I understand you want to separate from the partnership. In that case you have to file a suit for partition in the court based on the jurisdiction laid down in CPC.
You can file a case based on the new profit sharing ratio.
Re: fight for property between brothers
I understand you want to separate from the partnership. In that case you have to file a suit for partition in the court based on the jurisdiction laid down in CPC.
You can file a case based on the new profit sharing ratio.
Re: fight for property between brothers
I understand you want to separate from the partnership. In that case you have to file a suit for partition in the court based on the jurisdiction laid down in CPC.
You can file a case based on the new profit sharing ratio.
Re: fight for property between brothers
yes, you can file the case stating that there was agreement for 55 and 45% of sh are in the firm. you may obtain requisite orders from the civil court.
Re: fight for property between brothers
Mr. Gupta, the place of filing will depend upon the cause of action arisen in the dispute.
However, the fight may not be worth; the time and expense involved in litigation may cause you much harm than you are likely to suffer in accepting your brother's assumedly wrong demand. If you had been generous in conceding 45%, giving away another 5% to a trouble-some brother may bring more happiness and peace in the family.
My advice : In view of our procedures and costs involved, avoid litigation and make efforts for an out of court amicable settlement. Though, you may have a very strong case in your favour on the basis of that 55:45 agreement.
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