Decree in suit for dissolution of partnership
Full Text
Where a suit is for the dissolution of a partnership, or the taking of partnership accounts, the Court, before passing a final decree, may pass a preliminary decree declaring the proportionate shares of the parties, fixing the day on which the partnership shall stand dissolved or be deemed to have been dissolved, and directing such accounts to be taken, and other acts to be done, as it thinks fit.
Plain English Summary
Governs partnership dissolution and accounting suits, directing a preliminary decree to declare partners' proportionate shares, fix the effective dissolution date, and order an accounting audit.
Key Legal Elements
- Preliminary Decree Functions: (1) Declares percentage shares; (2) Fixes effective date of dissolution; (3) Orders rendition of accounts.
- Accounting by Commissioner: Accounts audited by court-appointed receiver/commissioner.
- Final Decree: Net distribution of surplus assets or recovery of contribution.
Practical Note
Appointment of Receiver in Partnership Suits: Along with seeking a preliminary decree under Rule 15, immediately apply under Order XL Rule 1 CPC for appointment of a Receiver to take charge of partnership assets, bank accounts, and books of account to prevent misappropriation pending final decree.
हिंदी पाठ
जहां वाद किसी भागीदारी (Partnership) के विघटन के लिए या भागीदारी के लेखा लेने के लिए है, वहां न्यायालय अंतिम डिक्री पारित करने से पूर्व, पक्षकारों के आनुपातिक हिस्से घोषित करने वाली, वह दिन नियत करने वाली जिस दिन भागीदारी विघटित होगी या विघटित समझी जाएगी, तथा ऐसे हिसाब लिए जाने का निदेश देने वाली एक प्रारंभिक डिक्री पारित कर सकेगा।