https://www.taxtmi.com/caselaws?id=192723 A sum advanced in connection with proposed partnership ventures was treated as capital contribution, not a simple loan, so it was not recoverable as a money claim. Property brought into the common stock of partners became partnership property, and no registered conveyance was required to give effect to the Ice Factory arrangement. The territorial jurisdiction objection failed because it was not taken at the proper stage and no failure of justice was shown. The plaintiff could not maintain the suit as framed; the proper remedy was a suit for rendition of accounts rather than recovery of the amount by money decree. en-us Fri, 30 Nov 1962 00:00:00 +0530 Wed, 14 Jun 2017 17:53:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192723 A sum advanced in connection with proposed partnership ventures was treated as capital contribution, not a simple loan, so it was not recoverable as a money claim. Property brought into the common stock of partners became partnership property, and no registered conveyance was required to give effect to the Ice Factory arrangement. The territorial jurisdiction objection failed because it was not taken at the proper stage and no failure of justice was shown. The plaintiff could not maintain the suit as framed; the proper remedy was a suit for rendition of accounts rather than recovery of the amount by money decree. Case-Laws Indian Laws Fri, 30 Nov 1962 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192723