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Mode of settlement of accounts Section 48

Mode of settlement of accounts Section 48 In settling the accounts of the firm after dissolution, the following rules shall, subject to agreement by partners be observed – a) Losses, including deficiencies of capital, shall paid first out of the…

DISSOLUTION OF A FIRM

DISSOLUTION OF A FIRM Section 39 of Indian Partnership Act, defines ‘Dissolution of Firm’ as “the dissolution of partnership between all the partners of a firm is called ‘dissolution of firm’.” This is used to denote that there is a…

Mr. X v. Hospital Z

Mr. X v. Hospital Z DATE OF JUDGEMENT: 10/12/2002 COURT: Supreme Court of India JUDGES: S. RAJENDRA BABU, P. VENKATARAMA REDDI & ARUN KUMAR. REFERENCE: Appeal (civil) 4641 of 1998 PARTIES: Petitioner: Mr. X Respondents: Hospital Z SUBJECT: The judgment…

Joseph Shine v. Union of India

Joseph Shine v. Union of India DATE OF JUDGMENT: 27/09/2018 COURT: Supreme Court of India JUDGES: Deepak Misra, A.M. Khanwilkar, D.Y Chandrachud, Indu Malhotra, and  R.F. Nariman. REFERENCE: WRIT PETITION (CRIMINAL) NO. 194 OF 2017 PARTIES Petitioner: Joseph Shine Respondent:…

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