Union Of India And Others vs I.T.C. Limited on 16 July, 1993
10. Mr. Kamat has submitted that upon conversion of a
partnership Firm into a limited company under part IX of the
Companies Act, all assets of firm stand automatically transferred to
and vest in the company without a necessary instrument or
document. He has relied upon the decision of this Court in HEM
Corporation Pvt.Ltd. & Ors. Vs. ITC Limited2 at paragraphs 5, 19 and