property, or with any dominion over property, dishonestly misappropriates or converts to his own use that property, or dishonestly uses or disposes of that property ... terms and conditions of the partnership deed to indicate that dominion of the partners over the partnership property was the result of any entrustment. Therefore
property including immovable property. He referred to the following observations: "Once a partner brings his property to the common hotch potch of a partnership ... follows that the property used by all the partners for partnership purposes is partnership property. For example, house and land in and upon which partnership
nature of partnership vide partnership deed dated 5.3.1958 with
the primary object of making investment in the properties and for
conducting any other general business ... discuss in law as to what is
nature of the partnership property and what happens when the firm is
dissolved.
The Indian Partnership
Rules. It was finally held that a partnership is not a distinct legal entity and the partnership property in law belongs to all the partners ... violence to the statutory provisions.
36. The concept of a partnership firm and partnership property as contained in the Partnership Act also compels
partnership firm subsequently. No object of the partnership firm has been given in the said partnership deed except that property at 2 Tolstoy Marg ... property of partnership was used for partnership. Section 15 of the Indian Partnership Act deal with application of the property of the Firm. Section
Under the law of partnership, some property remains the individual property of a partner and some property becomes partnership property. On dissolution, the partnership property ... belonging to an individual which was used by the partnership, did not become partnership property.
14. Thus, these judgments would support the decision
property as „joint
property‟ or seeking its partition is not maintainable. She in fact
asserts, that the subject property is her self-acquired property ... property of the firm.--Subject to contract between the
partners, the property of the firm includes all property and
rights and interests in property originally
Rules. It was finally held that a partnership is not a distinct legal entity and the partnership property in law belongs to all the partners ... violence to the statutory provisions.
(35) The concept of a partnership firm and partnership property as contained in the Partnership Act also compels
ownership amongst partners during the
subsistence of the partnership. The partnership properties are not
held by the partners as co-owners. The property belongs ... firm or from the
profits of the partnership business are prima
facie partnership property.
The case is, therefore, governed by the ordinary
rule that, unless
property used and treated as partnership property? The mere use of property by the partnership without any indication as to whom the property was treated ... property of one partner has been used for the partnership does not make it partnership property. The matter depends upon the real intention
