Synchron Machine Tools P. Ltd. And ... vs U.M. Suresh Rao on 17 September, 1992
281. Appellant places their reliance on Hind Overseas vs. Ragunath
Prasad Jhunjhunwala & Ors [AIR 1976 SC565 para 33] and Synchron
Machine Tools P. Ltd. & Ors. vs. U.M. Suresh Rao [1994] 79 CompCas 868
(Kar) para 31, 180, 190] which holds that principles applicable in cases of
dissolution of partnership can be invoked for a company that is being
CA (AT) No. 65 of 2019 and TA No. 01 of 2023 143 of 147
operated in the style of a partnership. Herein the principles could have been
applied as this private limited company was earlier partnership but is still
being run like a family concern. Principle of dissolution of partnership applies
to companies either on the ground of complete deadlock or on the ground of
being domestic or family companies.