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?
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.
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