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        Partnership Firms

        Section 42 - Dissolution on the happening of certain contingencies

        Indian Partnership Act, 1932
        Chapter VI
        DISSOLUTION OF A FIRM

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        Dissolution of partnership occurs upon contractual term expiry, completion of undertaking, partner's death or insolvency adjudication. Dissolution of a firm, subject to contract, occurs upon expiry of a fixed term, completion of one or more adventures or undertakings, the death of a partner, or the adjudication of a partner as an insolvent.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                          Provisions expressly mentioned in the judgment/order text.

                              Dissolution of partnership occurs upon contractual term expiry, completion of undertaking, partner's death or insolvency adjudication.

                              Dissolution of a firm, subject to contract, occurs upon expiry of a fixed term, completion of one or more adventures or undertakings, the death of a partner, or the adjudication of a partner as an insolvent.


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