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        Partnership Firms

        Section 46 - Rights of partners to have business wound up after dissolution

        Indian Partnership Act, 1932
        Chapter VI
        DISSOLUTION OF A FIRM

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        Partner rights on firm dissolution: entitlement to apply firm property to debts and receive surplus distribution. On dissolution of a partnership firm, each partner or their representative has a right to require that the firm's property be applied to payment of the firm's debts and liabilities and to have any remaining surplus distributed among the partners or their representatives according to their respective rights.
                          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.

                              Partner rights on firm dissolution: entitlement to apply firm property to debts and receive surplus distribution.

                              On dissolution of a partnership firm, each partner or their representative has a right to require that the firm's property be applied to payment of the firm's debts and liabilities and to have any remaining surplus distributed among the partners or their representatives according to their respective rights.


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