firm and to pay the balance to the partners, as it was not possible for the partners to carry on the business in partnership with ... name was described as managing partner nominally. The plaintiff absconded from the mill without informing the other partners by leaving the account books and other
firm
continued its activities even after the death of one of the partners
i.e. Shivraj Reddy.
Learned counsel further submits that the plaintiff failed ... rendition of
accounts?
3. Whether the plaintiff is only a nominated partner and as
such is not entitled for any share in the suit partnership
firm and to pay the balance to the partners, as it was not possible for the partners to carry on the business in partnership with ... name was described as managing partner nominally. The plaintiff absconded from the mill without informing the other partners by leaving the account books and other
change and that any person other than a partner or a director can be nominated even under the amended Section ... director of a company or a partner of a firm and necessarily director or partner need not have ultimate control over the affairs
Whereas it is the case of the plaintiff that as a partner of M/s Priyanka Poultry Farm, under law, he got every right ... partnership deed dated 1-4-1992 does not empower the partners to nominate Arbitrators for the purpose of dissolution and rendition of accounts. There
which he was permitted to file his nomination. On that date,
the 8th respondent was a partner of his firm taking up the public works ... again stated that on the date of filing
nomination, the 8th respondent was a partner of his firm taking up public works
on contract basis
accepted by the other partners before the date of nomination as a partner cannot retire from partnership by a unilateral action unless the partnership ... Indian Partnership Act a partner could retire only with the consent of all partners or in accordance with the express agreement of the parties
that name only showing the plaintiff and some of his relatives nominally as partners in his business.
4. Defendants ... Therefore, the contention of Shiva Raj Reddy that plaintiff is nominally shown as a partner cannot be countenanced in view of Sections
those charges stood in the names of its partners. 10 shares of the said company nominally stood in the name of Navinchandra Mafatlal, although they ... aforesaid company, although nominally stood in his name, really belonged to the firm of which he was the partner. The Income-tax Officer then determined
view to determine the right of a deceased partner or that of a retiring partner. The object of annual settlement is only for the definite ... firm is dissolved or when a partner retires. The settlement of his account must be not on a nominal basis but on a real basis
