connection, the relationship of partners was discussed. The contention was that B stood as a partner in a fiduciary relationship with C and, therefore ... claim made against a partner whether the claim in fact arises out of a partner's fiduciary relationship or is a mere claim arising
Y. Venkanna Chowdry (Died) And Another vs G. Lakshmidevamma And Others on 23 March, 1993
partner, the representative of the deceased partner is entitled to call upon the surviving partners to account for the deceased partner's share ... partners until the winding up is effected." The other learned Lords merely refer to the surviving partner as standing in a fiduciary relationship
breach of their fiduciary responsibility. In his submission, the relationship between the parties were that of partners in a glorified partnership and the decision ... longer be secured on behalf of a partnership the fiduciary relationship ends and the individual partner is free to look after his own interest
duty to realise the partnership property, hold a fiduciary relationship towards the deceased partner's representatives as regards his interest in the partnership property ... emphasised that the partners of a firm hold a fiduciary relationship towards their deceased partner's representatives as regards his interest in the partnership
partnership dated 18th of June, 1971, that the capital
of each partner shall be such as will stand to their credit in the books ... fiduciary relationship between the surviving partner and his former partner or the representative of that former partner. The relationship is a fiduciary relationship
business between the partners it has been stated :--
"Partnership itself does not create a fiduciary relation between the partners or make one of them ... partner must observe the utmost good faith in his dealings with the other partners but, inter se the partners there is no fiduciary relationship created
Partner, the representative
of the deceased partner is entitled to call upon the
surviving partners to account for the deceased partner's
share ... this sense and for this purpose, they hold
a fiduciary relationship towards the deceased partner's
representatives as regards his interest in the partnership
contention that there was fiduciary
relationship between the partners and held that whether a partner acts in a fiduciary
capacity or not would depend upon ... straightway establish a fiduciary
relationship between one partner or other partners in regard to every transaction,
the accounting partner receives the money not only
buttress
_ his contention regarding whether a fiduciary relationship
= exists between the partners. Indeed, the Apex Court has
quoted the Halsbury Laws of England indicating that ... would stand as a trustee and in a relationship of a
. ; fiduciary capacity for the other partner or even the legal
16
representatives
