Dear Experts,
Please give advise on this case of disputing between partners of Pvt.
XYZ Pvt. Ltd. Company formed with 2 partners 50-50% (real brothers). The managing director also one of the partner fake the balance sheet for loss, forged the signature of the other Director partner to transfer the share and many things. When the matter found, the managing Director the occupied the company and instructed securities, guards not allows another partner enter into premise of the company. At the same time he open his personal company in the name of his wife and doing the same production using the machinery, tools and materials of company XYZ which is under dispute to manufacturing products for his own company and diverted all contract signed by company XYZ to his personal one.
What the other partner - brother should do to stop further using of machinery and asset of company ZYX and preventing of swaping the good machine with the scrap one.
And under which laws the partner can file to stop further misuse of company name, asset and funds.
Thanks,
Regards,
