https://www.taxtmi.com/caselaws?id=290946 A partnership dispute considered when dissolution may be sought despite contractual terms continuing the business, and whether the court's equitable power to dissolve is displaced by agreement. The text states that a partnership carrying on only at a loss may be dissolved at a partner's suit, and that Section 252 of the Indian Contract Act does not bar that remedy. It also treats contemporaneous correspondence as fixing the agreed "average rate of expense" at 1 rupee 7 annas per cubic foot for quarrying, dressing and hauling labour only, excluding royalty and depreciation. An increase under Clause 25 required strict proof of extraordinary circumstances, which were not shown. en-us Thu, 13 Dec 1917 00:00:00 +0530 Sat, 24 Oct 2020 11:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290946 A partnership dispute considered when dissolution may be sought despite contractual terms continuing the business, and whether the court's equitable power to dissolve is displaced by agreement. The text states that a partnership carrying on only at a loss may be dissolved at a partner's suit, and that Section 252 of the Indian Contract Act does not bar that remedy. It also treats contemporaneous correspondence as fixing the agreed "average rate of expense" at 1 rupee 7 annas per cubic foot for quarrying, dressing and hauling labour only, excluding royalty and depreciation. An increase under Clause 25 required strict proof of extraordinary circumstances, which were not shown. Case-Laws Indian Laws Thu, 13 Dec 1917 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290946