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Rameshwar Dad
Asked June 07, 2018

Joint venture

  • 3 Answers
  • 198 Views

One govt. department made an agreement of contract with our JV company i which my company is one of venture partner. Department release payment in the name of lead partner company of JV under the said agreement without consent of my company, obviously by mutual understanding between department official and lead partner company of JV. How I can get justice for my company?

Answers 3

Dear Sir,

 First you must have written MoU then issue a legal notice. 

Agree Comment 0 Agrees 5 months ago

Dear Sir,

Get issue a legal notice and resolve the issue. Please share all the documents.

Agree Comment 0 Agrees 5 months ago

Dear Sir

We need to peruse the Joint Venture Agreement and other relevant transactional documents.  After reviewing all documents, it will be possible to advise you.  Normally all such JV Agreement has Arbitration Agreement. You can initiate arbitration proceedings for recovery of dues and can also seek injunction in the meanwhile for refraining Govt. Dept. from making any further payment to JV Company.  Please contact with more details.

 

Best Regards

 

Vivek Mapara

www.vnmlaws.com

Agree Comment 0 Agrees 4 months ago

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