https://www.taxtmi.com/caselaws?id=761408 The SC upheld a partnership dissolution case involving Crystal Transport Service. The court found that the fourth defendant company had taken over the firm's assets and was conducting business with them. Under Section 37 of the 1932 Act, the plaintiff, as an outgoing partner, was entitled to seek accounts and share in profits derived from his portion of the firm's assets. The court appointed a receiver to manage the firm's assets during winding up and restrained defendants from disposing of firm property. The matter was remanded to trial court for final decree preparation, with the SC disposing of the appeal without interference. en-us Fri, 08 Nov 2024 00:00:00 +0530 Fri, 08 Nov 2024 18:19:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=761408 The SC upheld a partnership dissolution case involving Crystal Transport Service. The court found that the fourth defendant company had taken over the firm's assets and was conducting business with them. Under Section 37 of the 1932 Act, the plaintiff, as an outgoing partner, was entitled to seek accounts and share in profits derived from his portion of the firm's assets. The court appointed a receiver to manage the firm's assets during winding up and restrained defendants from disposing of firm property. The matter was remanded to trial court for final decree preparation, with the SC disposing of the appeal without interference. Case-Laws Indian Laws Fri, 08 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=761408