Dissolution by court: grounds permitting judicial dissolution of a partnership include incapacity, misconduct, transfer, loss-making, or just and equitable reasons. Courts may order the dissolution of a firm at a partner's suit where a partner is of unsound mind, permanently incapable, guilty of prejudicial conduct, wilfully breaches management agreements, transfers the whole interest or allows it to be charged or sold, the business can only continue at a loss, or on any other ground rendering dissolution just and equitable.
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 by court: grounds permitting judicial dissolution of a partnership include incapacity, misconduct, transfer, loss-making, or just and equitable reasons.
Courts may order the dissolution of a firm at a partner's suit where a partner is of unsound mind, permanently incapable, guilty of prejudicial conduct, wilfully breaches management agreements, transfers the whole interest or allows it to be charged or sold, the business can only continue at a loss, or on any other ground rendering dissolution just and equitable.
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