Judicial Dissolution Of Partnership

3. Breach of agreements. The partnership can be dissolved if the partner has breached the agreements that are related to the management of business affairs. The dissolution of partnership also can be done when a partner indulges in any other illegal or unethical business activities.

Without violating the agreement: a. Violation of the agreement. Unlawfulness of the business. Loss. a. Death of any of the partners. Insolvency of any partner or of the partnership. Civil interdiction of any partner 8. By decree of court under Art.

Dissolution of partnership means a process by which the relationship between the partners is terminated and comes to an end and all the assets, shares, accounts and liabilities are disposed of and settled. Section 39 of the Indian Partnership Act, 1932 defines the dissolution of the firm.

Courts are empowered to dissolve partnerships when on application by or for a partner a partner is shown to be a lunatic, of unsound mind, incapable of performing his part of the agreement, guilty of such conduct as tends to affect prejudicially the carrying on of the business, or otherwise behaves in such a way

Without violating the agreement: a. Violation of the agreement. Unlawfulness of the business. Loss. a. Death of any of the partners. Insolvency of any partner or of the partnership. Civil interdiction of any partner 8. By decree of court under Art.

Section 37 of the UPA provides that unless otherwise agreed, the partners who have not wrongfully dissolved the partnership or the legal representative of the last surviving solvent partner have the right to wind up the partnership affairs, provided, however, that any partner, his legal representative, or his assignee

Dissolution is distinct from the termination of a partnership and the "winding up" of partnership business. Although the term dissolution implies termination, dissolution is actually the beginning of the process that ultimately terminates a partnership.