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Court Clarifies Difference Between Benami Transactions and Legitimate Joint Ownership; Highlights Coparcenary Requirement Under Indian Law.

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....Benami transaction or not - The law recognises jointness only in the event of existence of a coparcenary and no coparcenary is pleaded. In relation to partnership also, the law distinguishes between partnership firm under the Partnership Act, 1932 and a Joint Hindu Family Business Firm to which the Partnership Act is not applicable - HC....

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