https://www.taxtmi.com/caselaws?id=301519 A retiring partner remains liable for pre-retirement liability to third parties unless discharged by agreement with that third party and the partners of the reconstituted firm. Where no such agreement is shown, liability continues until statutory public notice of retirement is given. For a registered firm, the notice requirements include intimation to the Registrar of Firms and publication in the Official Gazette and at least one vernacular newspaper. On the facts, retirement occurred after the cause of action had arisen and the statutory mode of public notice was not proved, so the objection to execution under Section 47 CPC failed and liability was not avoided. en-us Fri, 20 Apr 2007 00:00:00 +0530 Thu, 07 Apr 2022 16:31:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301519 A retiring partner remains liable for pre-retirement liability to third parties unless discharged by agreement with that third party and the partners of the reconstituted firm. Where no such agreement is shown, liability continues until statutory public notice of retirement is given. For a registered firm, the notice requirements include intimation to the Registrar of Firms and publication in the Official Gazette and at least one vernacular newspaper. On the facts, retirement occurred after the cause of action had arisen and the statutory mode of public notice was not proved, so the objection to execution under Section 47 CPC failed and liability was not avoided. Case-Laws Indian Laws Fri, 20 Apr 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301519