Supreme Court of India · 1992-10-22
JUGAL KISHORE PRABHATILAL SHARMA AND ORS. vs VIJAYENDRA PRABHATILAL SHARMA AND ANR.
- Citation / case number
- SC 1991/80385
- Court
- Supreme Court of India
- Petitioner
- JUGAL KISHORE PRABHATILAL SHARMA AND ORS.
- Respondent
- VIJAYENDRA PRABHATILAL SHARMA AND ANR.
- Author
- [S. RANGANATHAN,V. RAMASWAMI AND B.P. JEEVAN REDDY]
- Bench
- [S. RANGANATHAN,V. RAMASWAMI AND B.P. JEEVAN REDDY,JJ.]
Judgment text excerpt
The Supreme Court addressed a dispute regarding the division of assets and liabilities following the retirement of partners from a firm, as per the 'deed of dissolution' dated 31.12.1979. The Court upheld the arbitrator's valuation of assets, emphasizing the need for a Government-approved valuer as stipulated in the deed. The Court ruled that the arbitrator acted on proper material in fixing values and dismissed the appeals to set aside the awards, thereby making them the rule of Court.