Supreme Court settles liability of partners in firms: Ashutosh vs. State of Rajasthan (30 August 2005)

/ Code of Civil Procedure, Code of Civil Procedure with Order 21 Rule 49, Code of Civil Procedure with Order 21 Rule 50, Code of Civil Procedure with Section 144, Dr. AR. Lakshmanan, Indian Partnership Act, 1932, Indian Partnership Act, 1932 with Section 24, Indian Partnership Act, 1932 with Section 25, Judges, Ruma Pal, Transfer of Property Act, 1882, Transfer of Property Act, 1882 with Section 53

Introduction Date of the Judgment: 30 August 2005 Judges: Ruma Pal & Dr. AR. Lakshmanan Can a partner’s personal assets be used to pay off a firm’s debts? The Supreme Court of India addressed this important question in the case of Ashutosh vs. State of Rajasthan. This case examines the extent to which partners are […]

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