Reading: My friends and I started a business in March 2016. We’re struggling now and have a debt of â‚¹7 lakhs. I want to leave the business, but my partners are demanding I pay them â‚¹3-4 lakhs before I can. I’m from a middle-class family, and no one else is working. One of my partners has strong connections with local authorities, and I’m far from home with no one to help. I’m out of options, running out of money, and feeling helpless. I’ve even dropped out of college. What can I do? I’m desperate for a solution.

My friends and I started a business in March 2016. We’re struggling now and have a debt of â‚¹7 lakhs. I want to leave the business, but my partners are demanding I pay them â‚¹3-4 lakhs before I can. I’m from a middle-class family, and no one else is working. One of my partners has strong connections with local authorities, and I’m far from home with no one to help. I’m out of options, running out of money, and feeling helpless. I’ve even dropped out of college. What can I do? I’m desperate for a solution.

Last updated: August 25, 2025 1:04 pm

Apni Law

2 years ago

Law Forum › Category: Corporate › My friends and I started a business in March 2016. We’re struggling now and have a debt of â‚¹7 lakhs. I want to leave the business, but my partners are demanding I pay them â‚¹3-4 lakhs before I can. I’m from a middle-class family, and no one else is working. One of my partners has strong connections with local authorities, and I’m far from home with no one to help. I’m out of options, running out of money, and feeling helpless. I’ve even dropped out of college. What can I do? I’m desperate for a solution.

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Apni Law Staff asked 2 years ago

My friends and I started a business in March 2016. We’re struggling now and have a debt of â‚¹7 lakhs. I want to leave the business, but my partners are demanding I pay them â‚¹3-4 lakhs before I can. I’m from a middle-class family, and no one else is working. One of my partners has strong connections with local authorities, and I’m far from home with no one to help. I’m out of options, running out of money, and feeling helpless. I’ve even dropped out of college. What can I do? I’m desperate for a solution.

1 Answers

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Apni Law Staff answered 2 years ago

You should immediately consult a lawyer specializing in business law and debt recovery in India. They can assess your partnership agreement, advise on your legal obligations, and explore options to minimize your financial liability. Consider approaching a mediation center for a peaceful resolution with your partners.