https://www.taxtmi.com/caselaws?id=774851 SC held that partnership firm did not automatically dissolve upon death of one partner where deed provided otherwise. Under Section 42 of Partnership Act, automatic dissolution applies only to two-partner firms. Here, three-partner firm's deed explicitly allowed continuation with surviving partners. IOCL misconstrued its guidelines by refusing to recognize reconstituted firm with surviving partners and deceased partner's heir. Dealership agreement permitted continuation with existing or reconstituted firm. Court found partnership validly continued despite partner's death, as deed provisions overrode automatic dissolution rule. SLP dismissed, HC order upheld. en-us Mon, 14 Jul 2025 00:00:00 +0530 Wed, 16 Jul 2025 08:17:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774851 SC held that partnership firm did not automatically dissolve upon death of one partner where deed provided otherwise. Under Section 42 of Partnership Act, automatic dissolution applies only to two-partner firms. Here, three-partner firm's deed explicitly allowed continuation with surviving partners. IOCL misconstrued its guidelines by refusing to recognize reconstituted firm with surviving partners and deceased partner's heir. Dealership agreement permitted continuation with existing or reconstituted firm. Court found partnership validly continued despite partner's death, as deed provisions overrode automatic dissolution rule. SLP dismissed, HC order upheld. Case-Laws Indian Laws Mon, 14 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774851