characteristic of a firm is that each partner is a representative of other partneRs. Each of the partners is an agent as well ... partner. Each of the partner is an agent as well as principal. He is an agent insofar as he can bind the other partners
actively
engaged the business is alone criminally liable. The sleeping partners are not
liable.
12.In the counter affidavit filed by the CBI, they ... 4217 of 2021
petitioner, as a sleeping partner of the same Firm and as wife of the deceased
managing partner, she had enjoyed the fruits
before the learned court below
that these petitioners could be the sleeping partners of the
partnership firm. In this context, the learned counsel referred ... that even if it is
assumed that the petitioners were the sleeping partners, no
criminal liability can be fastened upon the petitioners. He also
referred
that he was found by the Investigating
Agency to be a sleeping partner in the delinquent Firm and that learned
2.
Additional Solicitor General ... Shri Harish Kumar Khanna i.e., appellant,
who is sleeping partner. Learned counsel for the appellant has also placed
reliance on the order dated
that except the fact that she happened to be a sleeping partner of the
firm, she was never involved in running or managing the affairs ... affidavit, is that except the fact
that the petitioner was a sleeping partner of the partnership firm, she had never participated in
any such offensive
Transport. The details of the owner as well as
assistant and sleeping partner is also mentioned in the
complaint. Based on the complaint, the case ... learned counsel submits that
petitioner No.2 is not a sleeping partner. In support of his
contentions, he has produced the registration certificate, which
firm. There may be partners, better known as sleeping
partners, who are not required to take part in the business ... active partner of the firm. Establishing the fact the partner
should do all the overt acts in order to be termed as active partner
dumper belongs to a Partnership firm and the applicant is a sleeping
partner of M/s Kavita Stone Industries. To substantiate his
submissions, the applicant ... partnership deed,
according to which the applicant has been projected as sleeping
partner. It is further submitted that one more case of a similar
sleeping partner in the said firm and is not involved in day-to-day affairs of
the business. It is, thus, submitted that there being ... limited legal liability of a
sleeping partner, the petitioner ought not to have been roped in the present
case. The petitioner being a sleeping partner
applicants submits that the
applicant Nos.1 & 3 are the sleeping partners in partnership firm which
was ran and managed by his elder ... Joshi, learned
advocate for the applicants that the applicants are sleeping partners is
accepted, then also the applicants are the recipients of financial benefits
