Partnership firm dissolution, accounts settlement, and ...

Partners split; firm wound up. Court-appointed receiver managed assets. Ex-partner claimed share in profits from firm's assets taken over.

Case Laws Indian Laws

November 11, 2024

Partnership firm dissolution, accounts settlement, and distribution of shares. Receiver appointed to manage assets until winding up. Defendants restrained from disposing firm property. Appellant company took over firm assets. u/s 37 of 1932 Act, outgoing partner entitled to accounts, share in profits derived from their share in firm assets. Extent of appellant's business derived from firm assets to be determined through evidence. Appeal against remand order to trial court dismissed.

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Partnership firm dissolution, accounts settlement, and ...

Partners split; firm wound up. Court-appointed receiver managed assets. Ex-partner claimed share in profits from firm's assets taken over.

Case Laws Indian Laws

November 11, 2024

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