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KALYAN MITRA   22 July 2020

Agreement

If a money transfers of Rs 60,00,000 begins from 2016 by part payment from a promoter and if a agreement is being made between two people Of that RS 60,00,000 for equal distribution by part payment on the year 2020. can it be possible?


Quick Summary
This discussion explores the possibility of a legally binding agreement for the equal distribution of Rs 60 Lakhs. The funds were initially transferred in instalments starting in 2016, with a proposed agreement for equal division in 2020. While a formal agreement can be drafted on bond paper, the specifics of the initial terms require clarification to determine the feasibility of the proposed equal distribution.

 2 Replies

Rama chary Rachakonda (Secunderabad/Telangana state Highcourt practice watsapp no.9989324294 )     22 July 2020

You can write on a bond paper for your requirement bond is a promise to pay. It is a promise to pay something in the future in exchange for receiving something today.

Aniket Giri (ADVOCATE)     24 July 2020

The terms of agreement you stated isn't clear. Please clarify it to help you out.

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