SALIGRAM RUPLAL KHANNA & ANR vs KANWAR RAJNATH

The Supreme Court held that under Section 42 of the Indian Partnership Act, a firm constituted for a fixed term is dissolved upon the expiry of that term unless a contrary agreement is proven. The Court found no evidence of an oral agreement to continue the partnership after the lease termination on May 25, 1954. It upheld the trial court's ruling that the appellants' claim for rendition of accounts was barred by limitation, affirming that the partnership's authority continued only for winding up affairs and not for new claims.