Supreme Court of India · 2024-11-08
M/S Crystal Transport Private Limited vs A Fathima Fareedunisa
- Citation / case number
- 2024 INSC 859
- Court
- Supreme Court of India
- Petitioner
- M/S Crystal Transport Private Limited
- Respondent
- A Fathima Fareedunisa
- Author
- D.Y. Chandrachud
- Bench
- D.Y. Chandrachud
Judgment text excerpt
The Supreme Court upheld the dissolution of the partnership firm under Section 42(b) and Section 44(g) of the Indian Partnership Act, 1932, affirming the trial court's preliminary decree that recognized the plaintiff's one-fourth share and mandated the taking of accounts as per Order XX Rule 15 of the Code of Civil Procedure, 1908. The Court clarified that the firm was dissolved effective from the date of the suit's institution, and the defendants were restrained from disposing of the firm's assets until the accounts were settled. The appeal was dismissed, affirming the lower court's decisions regarding the management and distribution of the firm's assets.