Reg Property Dispute
Karan
(Querist) 07 March 2010
This query is : Resolved
History:My grandfather had bought a property under his name in 1980's.He started a small partnership firm with 6 partners.Sadly due to loss making the firm had to shut in 1993.From then it is locked to date.Our liabilities towards Corporation Tax and Electricity had to settled.All but one Partner(Mr.X)settled their liabilities.Mr.X was ignorant to pay his debts.Due to this we used to get notices regarding the same.My grandfather had no option but to sell the machinery to repay the debts of Mr.X's share.When Mr.X came to know about this he took action and got the premises sealed with the police and got an stay.
Case:My grandfather wanted to sell this property.But Mr.X is not interested to do so.My grandfather is no more and now we want to sell this property but Mr.X is still not agreeing to do so.
I wanted to know as to how we can go about and what action can be taken for the same.
Thanks in advance.
Raj Kumar Makkad
(Expert) 07 March 2010
You should file a civil suit for Rendition of Accounts wherein ultimately you shall find relief and the properties of the partnership shall be disposed off in this way as you desire.
Karan
(Querist) 07 March 2010
Hello Mr.Raj Kumar
Can you please tell me as to how rendition of accounts is going to relief me.Also is there a requirement of a fresh partnership deed to file a rendition since the firm stands dissolved now.
Raj Kumar Makkad
(Expert) 07 March 2010
If the firm legally stands dissolved then shares of the partners must have been divided and on the basis of dissolution deed, take the possession of your share and sale it freely.
