V.R. DALAL vs YOUGENDRA NARANJI THAKKAR

The Supreme Court addressed a complaint alleging conspiracy and fraud among partners of two firms, M/s. N.M. Raiji and Company and M/s. Gandhi Dalal and Shah, under Section 406 IPC concerning criminal breach of trust. The Court held that the absence of a formal deed of dissolution does not negate the existence of a partnership, and the actions of the accused constituted a conspiracy to deprive the complainant of his rightful benefits. The appeal was dismissed, affirming the High Court's decision to reject the writ petitions filed by the appellants.