https://www.taxtmi.com/caselaws?id=369043 The court upheld the challenged order under Section 14 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. The petitioner's argument to pay only his share of the loan amount due to a deceased partner's non-contribution was rejected. The court emphasized partners' joint and several liability for firm debts under Section 25 of the Indian Partnership Act, allowing creditors to recover debts from any partner. The petitioner's attempt to release his share of the mortgaged property upon partial payment was dismissed. The court found no interference grounds under Article 226 of the Constitution of India, ultimately dismissing the writ petition. en-us Fri, 07 Sep 2018 00:00:00 +0530 Thu, 18 Oct 2018 16:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369043 The court upheld the challenged order under Section 14 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. The petitioner's argument to pay only his share of the loan amount due to a deceased partner's non-contribution was rejected. The court emphasized partners' joint and several liability for firm debts under Section 25 of the Indian Partnership Act, allowing creditors to recover debts from any partner. The petitioner's attempt to release his share of the mortgaged property upon partial payment was dismissed. The court found no interference grounds under Article 226 of the Constitution of India, ultimately dismissing the writ petition. Case-Laws Indian Laws Fri, 07 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369043