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Results of partnership s 32

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SUPREME COURT OF INDIA

Year of decision: 2020
Details

Partnership Act, 1932, Section 32, 37, 48 -- Partnership firm - Distinction between `retirement of a partner' and `dissolution of partnership firm' - On retirement of a partner, reconstituted firm continues and the retiring partner is to be paid his dues in terms of S.37 of the Act - In case of dissolution, accounts have to be settled and distributed as per mode prescribed..........

SUPREME COURT OF INDIA

Year of decision: 2020
Details

Partnership Act, 1932, Section 32 -- Retirement of a partner - When there are only two partners and one has agreed to retire, then retirement amounts to dissolution of Firm...........

MADRAS HIGH COURT

Year of decision: 2014
Details

Partnership Act, 1932, Section 32, 37 -- Partnership - Partnership not dissolved but a partner voluntarily resigned and quit the firm - Such partner cannot claim the subsequent profits made by the firm...........

ANDHRA PRADESH HIGH COURT

Year of decision: 2013
Details

Partnership Act, 1932, Section 32 -- Partnership firm - Retirement of partner - Liability - It is only when third party borrower agrees to relieve erstwhile partners from obligation that they can get benefit - As long as third party did not accede to request, liability continues to be with them...........

RAJASTHAN HIGH COURT

Year of decision: 2012
Details

Partnership Act, 1932, Section 32 -- Partner - Retirement - Effective date - Partner retires from date of information of retirement and not from date when information was given to Registrar...........

PUNJAB AND HARAYANA HIGH COURT

Year of decision: 2012
Details

Civil Procedure Code, 1908, Order 21, Rule 32, 36, Partnership Act, 1932, Section 14 -- Suit for rendition of accounts compromised - Held, there is simultaneous obligation of both parties to stick to their statements - If defendant had a right to implement command of Court by executing decree at the same time defendant had a right to seek an execution of undertaking made..........

MADRAS HIGH COURT

Year of decision: 2010
Details

Negotiable Instruments Act, 1881, Section 138, Indian Partnership Act, 1932, Section 32(3) -..........

MADRAS HIGH COURT

Year of decision: 2007
Details

Partnership Act, 1932, Section 32, 63, 72 -- Partnership - Liability of retiring partner to third party for acts of firm done before his date of retirement - Partner would continue to be liable to third party until public notice is given as to his retirement - Money decree against partnership firm and its three partners - Execution - Objection by partner that he retired..........

KARNATAKA HIGH COURT

Year of decision: 2006
Details

Partnership Act, 1932, Section 32(2), 32(3), 44, Negotiable Instruments Act, 1881, Section 4, Civil Procedure Code, 1908, Order 37, Rule 1 & 2 -- Promissory note - Partnership firm - Liability of retired partner - Promissory note executed by partners of firm - One of partner denying his liability thereunder on ground that he had since retired from firm and liability has to..........

KERALA HIGH COURT

Year of decision: 2006
Details

Partnership Act, 1932, Section 32, 72 -- Retiring partner - Unless there is statutory public notice, retired partner is not absolved from the post retired liability - Pre retirement liability can be discharged only if there is an agreement with such third party and the surviving partners...........

Showing : 1-10 of 23 Results