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Velji Raghavji Patel vs State Of Maharashtra on 11 December, 1964

8. Therefore, when the civil dispute has already ended in an award for dissolution of the firm and the mode of division of immovable properties has also been set out in the award, once again the same allegation cannot be 9/13 https://www.mhc.tn.gov.in/judis Crl. O.P. No.26121, 25903 and 25904 of 2017 pressed into service in the form of FIR that there was forgery and misappropriation of funds. It is relevant to refer to judgment of the Apex Court in Velji Raghavi Patel Vs. State of Maharashtra reported in AIR 1965 SC 1433 wherein in paragraph 9 the Apex Court has held that a partner has undefined ownership along with other partners over all the assets of the partnership, if he chooses to use any of them for his own purposes he may be accountable civilly to the other partners, but that will not amount to any misappropriation. For better appreciation, the entire paragraph 9 is extracted hereunder:
Supreme Court of India Cites 6 - Cited by 137 - J R Mudholkar - Full Document
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