STOCK MARKET BSE NSE

Choose Your Business Partners Judiciously

While finalising terms, the land owner changes his mind and the partner takes a side step (literally)

Published: 05th December 2015 03:27 AM  |   Last Updated: 05th December 2015 03:28 AM   |  A+A-

CHENNAI: Two weeks into finalising the farmland deal in Mahendra’s Ring, I was still mugging up the historic sites along the River Cheyyar. My father was poring over the patta documents, while my mother scrounged for dried up sketch pens to mark the precise position of wells (for the required allotment of our shared assets, of course). The amount of farm literature consumed was mind-boggling. Suddenly, we discovered that what we knew about the amount of weeding for a paddy field, or safeguarding tomato plants from insects, was negligible. And water. What if there wasn’t even water? Still, a happy, nervous buzz filled us during these days, permeating ordinary household chores and mundane office tasks. We were about to be owners of a farm. We hugged the secret to ourselves, waiting for the day of the registration when we could make the news public.  And then, fate, that had taken a hand until then, decided that enough hand-holding had been done.

Our land-partner informed us that he was re-considering the purchase, as he hadn’t received several payments due to him. Meanwhile, the owners of the Mahendra’s Ring land, buoyed by a prospective sale, were making muted noise about hiking the price.

This was a blow to us, but things were about to get worse.

Pa v i t h r a.jpgOur partner backed out citing lack of funds, but urged us to go ahead. We tried to re-open negotiations with Ring’s owners about buying our share of the land, but they refused. All 9 acres must be sold as single unit - and at a higher price. We tried to confer with our partner, but he remained out of reach. We didn’t know the reason for his silence until, one evening, GoldSpear blurted out the details in a rush of truth and alcohol.

Our partner had bought his share of the land without our knowledge — land he’d previously claimed he couldn’t afford. He’d negotiated secretly with Ring’s owners for the original price, having convinced them that we had no serious intention of buying.

But why, we asked. We were supposed to purchase together.

GoldSpear shrugged. “He said he didn’t like all this ‘sharing business’,” he answered finally, looking sheepish and leaving us dumbstruck. 

“It was his idea, in the first place,” dad pointed out.

As though driving the last nail in the land-coffin, our partner had contravened another agreement and purchased all the land that adjoined the road, which meant that the rest of the fields had no outside-access. Had we managed to purchase land, we’d have been locked on all sides. As it turned out, even this choice was taken out of our hands, for the next week, the owners informed us that these had been purchased as well, by our land-partner’s friend. Turned out that our erstwhile collaborator had wanted a partner — just not us.

The whole business soured Mahendra’s Ring for us, and we gave it up for good.

(The writer is a journalist, artist, translator, historian and editor but not necessarily in that order)

Stay up to date on all the latest Chennai news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp