Please help me understand the following:
I became a partner in a un-registered partnership firm during february 2012 where the firm had only lady as a Managing Partner and the firm was managed by MP's husband. After inducting myself and another person as partner The firm got term loan and machinery loan of 2Cr. The Money was spent by MP giving various reasons. Re-onstitution deed stated that any one partner can operate the accounts and we both incoming partner did not bring-in any capital. Accordingly the silent partner (Lady) use to sign the checks without our knowledge. Learning this, I indicated to Firm manager (not to partner or bank) that I would retire from the partnership in the month of April 2012 and I stopped going to office from June 2012. I waited till mid of July 2012 and did not notice any changes as far as accounts operation or settlement of accounts or re-constitution deed concerned. I issued a notice to bank stating that do not honor any of the transcation without having all 3 partners signatures. Inspite of the letter acknowledged by bank, the bank still allowing the operation of the account with one partner signature stating that I'm no longer a partner as I have already resigned from the partnership. Infact I only indicated the retirement and have not issued a resignation letter to bank or partner. I had asked firm to close my accounts and relive me from the liability and they are not responding to me any manner and operating the accounts as usual. Please help me understand what course of action can be initiated against these and any consequences.