Legal document issue
Amit bhardwaj
(Querist) 24 May 2012
This query is : Resolved
Dear all members,
Our company did a JV agreement with a other company. But now my company failed to fulfill his obligation so according to agreement other company can cut 1 crore Rs. and have to return 4 crore Rs. (We deposited Rs. 5 crore as security deposit) but other company return only 97 lakhs and the agreement is not registered. What is the legal value of this agreement, this is executed only on 100rs. stamp.
What's the remedy we have and what can we do?
Amit bhardwaj
(Querist) 24 May 2012
I think, if we will go into the court for remaining Rs.4 crores,the court will say the agreement is not valid so it is on deficit value. so in that situation what will do?
Sankaranarayanan
(Expert) 24 May 2012
Really wonder that without the agreement or works order hw the transaction was made. Sure the court. Raise the question about agreement. You write a leteer with the terms of works and ask them the confirmation of balance with official seal then send a legal notice for repay the money
V R SHROFF
(Expert) 24 May 2012
need to go thru JV agreement with a other company: in detail before saying anything
V R SHROFF
(Expert) 24 May 2012
Agreed that u can afford Advocate to do needful.
Nadeem Qureshi
(Expert) 24 May 2012
Dear Amit
you can easily afford lawyers fee, you should contact a lawyer.
R.K Nanda
(Expert) 28 May 2012
Agree with experts.
Shonee Kapoor
(Expert) 01 June 2012
Nothing to add.
Regards,
Shonee Kapoor
harassed.by.498a@gmail.com
