My relative invested in a business venture with someone without any formal agreement. I advised them against it, but they took a signature on a simple paper with a revenue stamp, listing the investment details and returns. I also signed as a witness. Will this paper hold up in court if the other party doesn’t repay in Guwahati, Assam?

Last updated: August 25, 2025 1:10 pm

4 months ago

Law Forum › Category: Documentation › My relative invested in a business venture with someone without any formal agreement. I advised them against it, but they took a signature on a simple paper with a revenue stamp, listing the investment details and returns. I also signed as a witness. Will this paper hold up in court if the other party doesn’t repay in Guwahati, Assam?

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Apni Law Staff asked 4 months ago

My relative invested in a business venture with someone without any formal agreement. I advised them against it, but they took a signature on a simple paper with a revenue stamp, listing the investment details and returns. I also signed as a witness. Will this paper hold up in court if the other party doesn’t repay in Guwahati, Assam?

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Apni Law Staff answered 4 months ago

In India, a simple paper with a revenue stamp and your signature as a witness may not be considered legally binding as a formal agreement. The absence of a comprehensive agreement could weaken the case in court. It is advisable to seek legal advice from a lawyer in Guwahati, Assam to assess the specific situation and explore options for recovering the investment.