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KA promissory note with a cheque for the amount they owe you. Legalize the document with Gazetted officer.
If they don’t honor down the line, you can go to court and usually in 5 years court will award you the money. In addition you can file a criminal case for cheque fraud.
Since your friend has assets, these will help you recover your loan.
KWhat’s the political affiliation and political hold of the founder? While judiciary is great and you get justice, you need to prepare for things that can happen outside labor office.KThat project Mahagun Medalleo is still selling and ongoing, right? Talking about Ozone Urbana, I would say forget about any recovery. I lost money to another Bangalore scam involving 5000+ acre plot development. These mega projects are backed by politicians and enforcing any rules is impossible even if you win any case against them.KAsk her to give your fair share in cash and keep ownership or agree to sell. You will need lawyer to present any solution.KIn our case: 1 tower with 21 floors. But we had to build only 7 floors and rest we sold to a new builder. Don’t contract with a builder, rather sell the project and buy individual flat at the original agreed price with the old builder. You need court approval and other buyers agreement etc etcKThat means you have lot of buyers and money to complete the project. We after building our flats, sold all the remaining units (virtual) to a builder and made money. That builder is yet to build after 25 years.KIf they paid you salary during your tenure you can’t sue for using your processes and structure. But you have a claim on your share and profit sharing on that share. Talk to a lawyer who deals with corporate lawKWhat lead to her acting like this in a week? So it was good for a week? What’s her parents saying?KWhen I see cops shooting (in news) unarmed people during routine traffic stops in US, I think in India when cops stop you in traffic all you need is to pay just 100 bucks. Just keep normal life and stay away from trouble and trouble makers.KThere’s nothing an unbiased police can do. But you know police like to collect money from both sides.So talk to your neighbor and come up with a solution where they are included but keeping the chimney and reducing the smoke or altering direction. That’s cheaper than going to our police
