Mohit Saraf vs Rajiv K Luthra And Ors on 18 January, 2021
51. Reliance was also placed on Bhagwan Dass Khanna Jewellers
(supra) and Veena Nalin Merchant (supra) by the Counsels for the
respondent in support of their contentions that the respondent has the
power to terminate the petitioner from the partnership in terms of the
binding and sacrosanct nature of the partnership deed entered into
between the parties. In view of my conclusion above in paragraphs 36,
40 & 41, the said judgments are clearly distinguishable.
STATUS OF EQUITY PARTNERS INDUCTED BY THE
PARTIES: