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Supreme Court Ruling on Partnership Continuity by lexscribe is a document available to read on EtoBox.
The Supreme Court ruled that a partnership firm with more than two partners does not dissolve upon the death of one partner if the partnership deed allows for continuity. In this case, the Indian Oil Corporation (IOCL) was directed to continue supplying kerosene to the partnership despite the death of a partner, as the partnership deed permitted the surviving partners to admit competent heirs. The court upheld the High Court
- Author
- lexscribe
- Language
- EN