share in the partnership was worked out by
taking the proportionate value of his share in the net partnership
assets after deduction of liability ... view is that when a partner retires from the partnership his
interest in the partnership assets is extinguished and there
was, therefore, in the present
purpose of the partnership thereby indicating
that so long as the partnership continues no part of the assets of a partnership
assets could be utilized ... dissolution of the
partnership or with his retirement from partnership of the value of his share in the
net partnership assets as on the date
under the agreement of
partnership, to be treated as the property of the partnership.
In Lindley on Partnership, 12th Edn., it is stated ... used for the purposes of the
partnership, they must be presumed to have become partnership
assets. In Miles v. Clarke1 the defendant started the business
their respective shares in the partnership firm.
Thus, on dissolution of a partnership firm, the allotment of assets to individual
partner is not a case ... ownership in any of the assets. This is the legal consequence of distribution of
assets on dissolution of a partnership firm.
13. In the case
them is to file a suit for dissolution of the partnership. The assets
of the firm cannot be directed to be handed over by passing ... liberty to adopt appropriate
remedies to claim share in assets of partnership firm or in the
assets of her son late Sameer Vasant Holkar
them is to file a suit for dissolution of the partnership. The assets
of the firm cannot be directed to be handed over by passing ... liberty to adopt appropriate
remedies to claim share in assets of partnership firm or in the
assets of her son late Sameer Vasant Holkar
them is to file a suit for dissolution of the partnership. The assets
of the firm cannot be directed to be handed over by passing ... liberty to adopt appropriate
remedies to claim share in assets of partnership firm or in the
assets of her son late Sameer Vasant Holkar
time of retirement from the firm, his share in the
partnership assets either in cash or any other asset. It further held that ... retires from a
partnership firm taking his share of partnership interest, no element of transfer of
interest in the partnership asset by the retiring partner
that item No.1 of the plaint
schedule property is a partnership asset and it cannot be partitioned. The
third defendant is examined ... partnership assets is on the surplus of the assets of
the firm and not on any particular item of property belonging to the
partnership
partnership firm. Actually, the firm name is only a
compendious name given to the partnership for the sake of convenience. The
assets of the partnership ... share in the partnership. On dissolution of the partnership- firm, accounts are
settled amongst the partners and the assets of the partnership are distributed
amongst
