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 ... scrupulously avoided other properties. While distributing the residue assets, the arbitrators allocated the properties to the partners. Section 48 of the Partnership Act was applied
stating, inter alia, that after
dissolution of the partnership firm he got the property in suit by a
compromise decree and so he is praying ... submitted that if the partnership property
is exclusively allotted to a partner on dissolution and the property is
immovable property, it requires registration. This
businessman having landed property and a
transport company under the name and style of M/s Gyatri
Transport Co. in partnership with Shri Laxman Reddy ... which was doing the business since 1957 and had
acquired various properties. The partnership was dissolved
Page 6 of 33
Civil Suit
were business assets
6
of the firm. It has entered into a partnership agreement
dated 6.2.2003 with four parties mentioned therein. Out
of these four ... said land
so contributed was to be treated as absolute property of
the partnership firm. On this land, the assessee has
constructed the houses
whose name the property stands mutated in the revenue record.
15.As per him the construction over the property was carried out 20 years ... owner of the
suit property.
36.It is unbelieveworthy that while living in the same house and doing same
partnership business , a son was ignorant
suit property. He pleaded that
he alongwith defendant purchased suit property from them.
Though he denied that municipal number of suit property ... carrying on business from the suit property. He denied that
value of suit property in 1980 was Rupees Four Lacs or that he
obtained signatures
that he never inquired from DDA office the
fact that whether suit property is in name of Satnarian or not. He further admitted that ... Narain Sharma, however no partnership deed has
been filed on record. He further stated that partnership was entered in 1975 which was
dissolved
Kochhar & Sons. Defendant No.1 is a partnership firm which was
represented by its partner Sh. Shreyans Jhunjhun Wala. Defendant ... again Sh. Shreyans Jhunjhunwala in
person. Plaintiff who is owner of property no. C254, PhaseII, Maya Puri,
New Delhi admeasuring 3800 sfts. gave
Gandhimathi Corporation,
A Regd. Partnership firm at
Arulagam, Cutchery Street,
Tiruchegodu Town and Taluk,
Salem District,
Represented by its partner
C. Chellammai. ... Appellant/Plaintiff ... first defendant and the third respondent/third defendant have not deposited the property title deeds with an intention to create an Equitable Mortgage
Dehradun, Uttranchal. Further,
according to the plaintiff, defendant No.1 was a partnership firm and
defendant Nos.2 to 4 were the partners ... defendants had to pay water and electricity charges of the leased
property to the authorized concerned directly, however the property tax
was to be paid
