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Judgment Search Results Home > Cases Phrase: indian partnership act 1932 section 17 rights and duties of partners Court: drat delhi Year: 2003 Page 1 of about 1 results (0.028 seconds)

Apr 30 2003 (TRI)

O.P. Arora Vs. Syndicate Bank and ors.

Court : DRAT Delhi

Decided on : Apr-30-2003

Reported in : III(2003)BC102

..... firm binds the other partner also. he relies upon section 22 of the indian partnership act, 1932, which provides that in order to bind the firm any act done or any instrument executed by a partner should be dune or executed in the name of a firm. he also relies upon section 25 of the indian partnership act, which provides that every partner is liable jointly with all other partners, and also severally for ..... all acts of the firm ..... with costs and interest claimed in the o.a. from all the three defendants jointly and severally, after adjusting the amount already realised from defendants 1 and 3.15. as rightly contended by the appellant/2nd defendant, such an order against the appellant/2nd defendant, who is not a party to the compromise and the joint application could not have been ..... the appellant/2nd defendant may get this property released at any time before 30.6.2003 by mortgaging any property equivalent to the then outstanding amount, acceptable to the bank.17. further, this letter dated 1.8.2001 is only a proposal or an offer for settlement, that too on the terms mentioned by the appellant/2nd defendant. in these .....

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