https://www.taxtmi.com/caselaws?id=97141 Separate corporate personality prevented a partner from obtaining accounts of a company's business merely because it operated in the same field and acquired assets from certain partners. The partnership was not dissolved on the facts concerning the partners' resolutions and conduct. Incorporation created a distinct legal person capable of owning assets and conducting business independently; similarity of business or promoters' motives did not justify disregarding that status without fraud in incorporation or another exceptional basis. The appellate decree for accounts against the company was set aside. Any remedy for breach of the partnership agreement lay in damages against the relevant partners, not accounts against the company. en-us Wed, 10 Oct 1951 00:00:00 +0530 Sat, 14 Jan 2012 11:57:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97141 Separate corporate personality prevented a partner from obtaining accounts of a company's business merely because it operated in the same field and acquired assets from certain partners. The partnership was not dissolved on the facts concerning the partners' resolutions and conduct. Incorporation created a distinct legal person capable of owning assets and conducting business independently; similarity of business or promoters' motives did not justify disregarding that status without fraud in incorporation or another exceptional basis. The appellate decree for accounts against the company was set aside. Any remedy for breach of the partnership agreement lay in damages against the relevant partners, not accounts against the company. Case-Laws Companies Law Wed, 10 Oct 1951 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97141