conveyance deed and partnership deed

Querist : Anonymous (Querist) 05 January 2011 This query is : Resolved
we have dda shop which is alloted to my grandfather on the name of the firm and my grandfather as a proprietor of the firm and after allotment of the shop my grandfather made a partnership with X and after some time my grandfather transfered the dda shop which is on the name of firm by conveyance deed issued by dda to my father and my uncle and also my grandfather made a registered will to transfer the shop to my sons and after some time X and my grandfather made a dissolution deed which is not registered ,the whole story is fifteen to thirty years old and now X claims that my father and uncle made a fraud by tranfering shop.And now my father works on the shop as a propriter .Sir i want to know that whether X has any right on the shop or not and also at the time of dissolution deed the capital invested by X has been given by my grandfather to X.

Follow Query

Report Abuse

Raj Kumar Makkad (Expert) 05 January 2011
X has no claim against the shop in question at such belated stage moreover he was jsut a partner in the partnership firm which got dissolved some 30-40 years back and I think the mentioned shop would not have been made as property of the firm and even if it was so even then he had been paid his share by your grand father at that time and there is no scope for him to agitate anything at this stage.

Y V Vishweshwar Rao (Expert) 06 January 2011

1- I agree with Mr R K Makkad

2- There was partnership between GF & X

3- Even it is Firm property - Dissolution between GF & X - and X Capital ,rights , Title to Firm property- his share - all are capitalized and Credited to his Account and paid by GF to X --- - X was having share and the same is adjusted by Capital /X share return ! Now X has no case !

4- otherwise also time barred !

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now