Legal Question in Wills and Trusts in India

i have purchased a joint property in 2008 with some of my friend, as we have registered our sale deed of rs 9,00,000 as per govt circle rate and my partner has made the payment by his pvt ltd company account of rs 8,00,000 in favour of seller and rs 1,00,000 cash paid by me and rest of 17,00,000 he has issued from the same company account in favour of my wife which both of cheque filled up me, as i have given the black part of payment so i have taken rs 17,00,000 in account of my wife, now he has given a complaint to local police station about the asking of rs 17,00,000 and rs 8,00,000 to the both different beneficiary and claiming that i am the not partner of in his property and demanding back of 17,00,000 which paid to my wife and he has already taken rs 4,00,000 as a token money towards the sell out the same flat to some of his relative, as his relative good of my well known friend, but he has made this agreement on a simple white paper and written on them by the my joint partner that i have no any objection to sell this property and i will come down at the time of execution of document ( sale deed) while i am completely unaware about this fact and he received 1,00,000 and 3,00,000 payment by cheque/DD towards sell and purchase of this flat without getting even oral permission from me.As he has entered this agreement in name of our pvt ltd company and has taken all payment of rs 4,00,000 in his personal name without getting any resolution by the board of the directors and payment in his personal name in lieu of pvt ltd company, i think its great cheat and crime, now i would like to say what i have to do to get rid of this huge mess.pl suggest me the way out.

Asked on 11/13/10, 3:58 am

Vishwa Arya Arya & Co.

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this mainly requires the examination of documents to make it fact based opinion

Answered on 11/13/10, 5:55 am

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