The complaint of dishonour of cheque was challenged for lack of ...

Partners are jointly liable for business acts under Partnership Act. Directors have different responsibilities. Partners remain liable without public notice of retirement.

Case Laws Indian Laws

August 14, 2024

The complaint of dishonour of cheque was challenged for lack of necessary averments against the partners. Partnership Act provisions establish partners' liability for firm's business. Partners are agents and jointly/severally liable for firm's acts. In a partnership, all working partners are responsible for firm's business. Directors of a company have different responsibilities. Without public notice of retirement, partners remain liable. Court quashed the complaint against one partner (a sleeping partner) but allowed it to proceed against others. The High Court disposed of the petition.

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The complaint of dishonour of cheque was challenged for lack of ...

Partners are jointly liable for business acts under Partnership Act. Directors have different responsibilities. Partners remain liable without public notice of retirement.

Case Laws Indian Laws

August 14, 2024

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