V.R. Dalal & Ors vs Yougendra Naranji Thakkar & Anr

The Supreme Court addressed a complaint alleging conspiracy and fraud by partners of a firm, specifically focusing on the dissolution of M/s. N.M. Raiji and Company without proper legal procedure as mandated by partnership law. The Court emphasized that a partnership deed remains valid until formally dissolved, and the absence of a deed of dissolution renders any cancellation ineffective. The Court upheld the lower court's dismissal of the writ petitions filed by the appellants, affirming that the allegations of criminal breach of trust and conspiracy warranted further investigation under relevant provisions of law.