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    <title>2005 (8) TMI 725 - Supreme Court</title>
    <link>https://www.taxtmi.com/caselaws?id=275800</link>
    <description>The court held that a partner can be held liable for the debts of a partnership firm, as partners are agents of each other under the Partnership Act. The court found that the Will executed by Smt. Dhanwanti Devi was fraudulent and intended to evade creditors. The appellant was directed to pay Rs. 1,00,000 to the State of Rajasthan within two months, with reduced interest to balance justice and mercy, and a charge was imposed on the property until payment was made. The court emphasized joint and several liability of partners and discouraged fraudulent practices in debt recovery.</description>
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    <pubDate>Tue, 30 Aug 2005 00:00:00 +0530</pubDate>
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      <title>2005 (8) TMI 725 - Supreme Court</title>
      <link>https://www.taxtmi.com/caselaws?id=275800</link>
      <description>The court held that a partner can be held liable for the debts of a partnership firm, as partners are agents of each other under the Partnership Act. The court found that the Will executed by Smt. Dhanwanti Devi was fraudulent and intended to evade creditors. The appellant was directed to pay Rs. 1,00,000 to the State of Rajasthan within two months, with reduced interest to balance justice and mercy, and a charge was imposed on the property until payment was made. The court emphasized joint and several liability of partners and discouraged fraudulent practices in debt recovery.</description>
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      <pubDate>Tue, 30 Aug 2005 00:00:00 +0530</pubDate>
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