https://www.taxtmi.com/caselaws?id=22379 The Benami Transactions (Prohibition) Act was treated as applicable to pending proceedings, so a benami plea could not be used to support or defeat the claim and the firm's accounts and balance-sheets controlled the dispute. On dissolution, liability followed the settled adjustment of accounts: the sums credited in the plaintiffs' names had been adjusted against Sham Sunder's share, so the claim could not be fastened on the other partner and Sham Sunder alone was liable. Future interest was also upheld under civil procedure principles, with 6% per annum awarded from the date of suit until realisation. en-us Tue, 26 Mar 1991 00:00:00 +0530 Wed, 25 Dec 2019 17:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22379 The Benami Transactions (Prohibition) Act was treated as applicable to pending proceedings, so a benami plea could not be used to support or defeat the claim and the firm's accounts and balance-sheets controlled the dispute. On dissolution, liability followed the settled adjustment of accounts: the sums credited in the plaintiffs' names had been adjusted against Sham Sunder's share, so the claim could not be fastened on the other partner and Sham Sunder alone was liable. Future interest was also upheld under civil procedure principles, with 6% per annum awarded from the date of suit until realisation. Case-Laws Benami Property Tue, 26 Mar 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22379