Issues related to settlement from my partnership firm
Dear sir
I have a unregistered company and I do trading bussiness
We were there partners
Since one of the partner indulged in some activity which personaly benifits only him
We warned the partner and we decided to go apart
Hence the partner has sent a mail saying he will resign and we accepted it and said we will amicably sort out
But the partner who had resigned had created issues
Like freezing the account and sending threatening mails to us not paying to creditors and staff salaries
The company choked to death
In spite of asking him to come for a settlement the partner didn't turned up for one and half years now
We other two partners are in the same page and we worked towards the closure of company by settling the creditors and liquidating stocks
We also infomeed in writting to other partner
The company is in the stage of dissoution
We currently have some debtors of few lakhs outstanding
Since he is the signing authority if we deposit in company account he will not allow us to get our settlement
Can we take our settlement directly from vendour
Who is a debtor via DD by producing a bond
Regards
V.s.g