Analogy of partnership principle to dissolve a small, domestic, quasi-partnership concern and (2) When there is justifiable lack of confidence on the ground
company, the company has to be treated in substance as a quasi-partnership.
11. The leading case on this subject is Ebrahimi v. Westbourne Galleries ... which was also a case of quasi-partnership, it was held that the price has to be fixed on the basis of the market value
petition, and the company could not be treated as a partnership concern and that there was no ground for winding up under "just ... submission that a limited company should be treated as a quasi-partnership should, therefore, not be easily acceptable. Having regard to the wide powers under
Supreme Court,
observed:
"It is true that under the law of partnership a firm has no legal
existence apart from its partners ... individuals carrying on
business in partnership and the mercantile usage which recognises the firm as a
distinct person or quasi Corporation."
Mr. Rama
same view taken by the
Commissioner.
It is true that a partnership firm, which does not have any
independent legal existence in the common ... individuals carrying on business
in partnership and the mercantile usage which recognizes the
firm as a distinct person or quasi corporation. But under the
Income
give a certain impress to the partnership assets. By way of clarification, we may peruse Lindley on Partnership (reference is to the twelfth edition ... lien, quasi-lien, or whatever else it may be called, does not exist for any practical purpose until the affairs of the partnership have
State Of Andhra Pradesh, Rep. By Its ... vs Super Constructions, Partnership ... on 9 September, 1997
Equivalent citations: 1997(6)ALT102
JUDGMENT
P.S. Mishra ... that power of judicial review is kept confined to reviewing orders of quasi-judicial authorities or such administrative orders which are violative of Article
Mirza Khusru Ali Baig And Others vs The Greater Hyderabad Municipal ... on 4 January, 2013
Sanofi Pasteur Holding Sa,Rep., By Its ... vs The Department Of Revenue Ministry Of ... on
Rakesh Gupta And Others, Etc. vs Hyderabad Stock Exchange Ltd. And ... on 9 May, 1996