Search Results for Tag : partners
International Cases
Court has discretion and will exercise that discretion to award costs to one party, where it is just to make costs order(11.07.2017)
In facts of present case, Plaintiff and Defendant carried on a pharmacy business in partnership. Plaintiff holds 60% interest and Defendant 40% intere.....
Tags : Partnership, Dissolution, Cost
Notifications & Circulars
India-US Strategy Energy Partnership Joint Statement(17.04.2018)
Minister of Petroleum and Natural Gas, Dharmendra Pradhan and U.S. Secretary of Energy Rick Perry co-chaired the inaugural meeting here today of the U.....
Tags : Partnership, Joint Statement, Energy Co-operation
India joins Global Partnership on Artificial Intelligence as a founding member to support the responsible and human-centric development and use of AI(15.06.2020)
India today joined the league of leading economies including USA, UK, EU, Australia, Canada, France, Germany, Italy, Japan, Mexico, New Zealand, Repub.....
Tags : Global Partnership, Artificial Intelligence
Costs of winding up of a partnership are to be paid out of the partnership assets unless there are good reasons to the contrary(18.06.2020)
In present matter, On 11 March 2019 the Plaintiff, in his own capacity and in his capacity as executor of the deceased's estate, brought an applicatio.....
Tags : Winding up, Costs, Assets, Partnership
India-US Strategic Energy Partnership: Sustainable Growth Pillar India Energy Modeling Forum Launch on July 2, 2020(15.07.2020)
Sustainable Growth Pillar is an important pillar of India-US Strategic Energy Partnership co-chaired by NITI Aayog and USAID. The SG pillar entails en.....
Tags : Energy Partnership, Sustainable Growth
Prescription shall commence to run as soon as the debt is due(21.09.2020)
Present case is about whether or not a claim to divide the fruits of a universal partnership can prescribe in terms of the Prescription Act 68 of 1969.....
Tags : Universal partnership, termination, Prescription
News
Trans Pacific Partnership Agreement reached(05.10.2015)
The Trans-Pacific Partnership Agreement between North American countries and those in South-east and Far-east Asia was reached on 5 October, 2015. The.....
Tags : Trans pacific partnership, united states, china, asia, aiib
MCA: Mandatory to File Overdue Returns Before Applying for Striking off Name for LLPs(29.05.2017)
Government has amended Limited Liability Partnership Rules, 2009 making it mandatory for LLPs to file overdue returns before filing an application to .....
Tags : Limited Liability Partnership Rules, 2009
IT Law Doesn’t Bar Partners to Draw Remuneration from More than One Firms: ITAT(15.04.2019)
Income Tax Appellate Tribunal (ITAT), Kolkata bench has held that the income tax law does not prohibit a partner from drawing remuneration/ salary fro.....
Tags : Income Tax Appellate Tribunal, Remuneration, Partnership Firm
Judgments
Disputes and liabilities between parties need to be adjudicated, based upon partnership deed(03.04.2017)
Appellant-Original Defendant has filed Appeal and prayed to quash and set aside impugned Judgment passed by Single Judge. In facts of present case, Ap.....
Tags : Partnership, Recovery, Validity
Supreme Court: Company Includes Partnership Firm or Other Association of Individuals(28.05.2019)
Supreme Court has observed that the expression "company" used in Section 141 of the Negotiable Instruments Act, 1881 includes a partnership firm or as.....
Tags : Supreme Court, Partnership
Allahabad High Court: No Protection for Married Live-In Partners(02.03.2020)
Allahabad High Court has held that where a man and a woman, during the subsistence of their marriages to other persons, reside as a live-in couple, th.....
Tags : Allahabad High Court, Protection for Married Live-In Partners
Partner intending to retire from business not the same as partner who died in the course of the partnership(11.08.2015)
A partnership does not automatically stand dissolved if a partner shows an intention to retire, or even serves notice of retirement to the other partn.....
Tags : Partnership, notice, retire, dissolution
SC: Only Valid Sales During Insolvency Protected After Annulment under S.37 Of Insolvency Act(29.09.2025)
Supreme Court, in a dispute over partnership shareholding clarified that only valid transactions during insolvency are protected after annulment. It u.....
Tags : Partnership, Insolvency, Annulment
SC: Section 69 (2) Partnership Act Only Bars Contract Between Firm with Third Party Defendant(01.02.2022)
Supreme Court held that to attract the bar of Section 69(2) of the Partnership Act, 1932, the contract in question must be the one entered into by par.....
Tags : Supreme Court, Section 69 (2) Partnership Act
Supreme Court: Partnership Veil May be Lifted to Detect Illegal Sub-Letting Arrangements(13.04.2026)
Supreme Court held that a partnership cannot be used to conceal unlawful transfer of possession, and courts may lift the partnership veil to determine.....
Tags : Partnership Veil, Illegal Sub-Letting, Possession
Even Unregistered Partnership Firm Can Maintain ‘Cheque Bounce’ Complaint: HP High Court(17.09.2018)
Himachal Pradesh HC has held that even an unregistered partnership firm can maintain acheque bounce complaint under Section 138 of the Negotiable Inst.....
Tags : Himachal Pradesh High Court, Partnership Firm, Negotiable Instruments Act
CESTAT: No Penalty Can be Imposed on Partners if Penalty Imposed on Partnership Firm(23.01.2020)
Customs, Excise, and Service Tax Appellate Tribunal (CESTAT), Ahmedabad has held that when a penalty is imposed on a partnership firm, a penalty canno.....
Tags : Customs Excise and Service Tax Appellate Tribunal, Penalty on Partners
Even Unregistered Partnership Firm Can Maintain ‘Cheque Bounce’ Complaint: HP High Court(17.09.2018)
Himachal Pradesh HC has held that even an unregistered partnership firm can maintain acheque bounce complaint under Section 138 of the Negotiable Inst.....
Tags : Himachal Pradesh High Court, Partnership Firm, Negotiable Instruments Act
CESTAT, Delhi: LLPs Not Liable to Pay Service Tax Under Reverse Charge Mechanism(03.08.2021)
Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Delhi has held that a Limited Liability Partnership (LLP), being not a “Body Corporate” u.....
Tags : Customs, Excise and Service Tax Appellate Tribunal, Limited Liability Partnership
Chennai Court: Partners of Quixotic Health Care Guilty of Supplying Poor Quality Variants(10.03.2022)
Chennai Court has found the partners of Himachal based Quixotic Health Care guilty of supplying poor quality variants of the drug Oflovis, thereby con.....
Tags : Chennai Court, Partners of Quixotic Health Care
Ministry of I and B inks partnership with Amazon India in the field of Media, Entertainment and Public Awareness(05.04.2023)
Union Minister of Information & Broadcasting Shri Anurag Thakur today announced a partnership between the Ministry of Information & Broadcasting and A.....
Tags : Partnership, Amazon India
Delhi HC Seeks Centre’s Reply over Change in Aviation Policy(22.11.2016)
Delhi High Court has sought response from Centre over a challenge brought to its recent aviation policy, which restricts Airports currently operating .....
Tags : Delhi High Court, aviation policy, Public-Private Partnership
Supreme Court: Deceased Partner’s Legal Heirs Not Liable for Liability of Partnership Firm(09.04.2024)
Supreme Court has held that upon the death of a partner of the partnership firm, legal heirs of the deceased do not become liable for any liability of.....
Tags : Supreme Court, Partnership Firm, Legal Heirs, Deceased Partner
Delhi HC: Arbitration Clause Continues To Operate Even After Dissolution Of Partnership(27.01.2023)
Delhi High Court has observed that an arbitration clause contained in a contract executed with a partnership firm, will continue in effect even after .....
Tags : Delhi High Court, arbitration, dissolution, partnership
Report on revitalising PPP model of infrastructure development released(28.12.2015)
A Committee formed to revisit and revitalise the Public Private Partnership Model for infrastructural development has released its Report. PPP, provis.....
Tags : Public private partnership, transparency, infrastructure
Lok Sabha Passes LLP (Amendment) Bill to Boost Ease of Doing Business(10.08.2021)
Lok Sabha has passed the Limited Liability Partnership (Amendment) Bill, 2021 which seeks to encourage the start-up ecosystem and further boost the ea.....
Tags : Lok Sabha, Limited Liability Partnership (Amendment) Bill 2021
Service Tax (Amendment) Rules, 2016(01.03.2016)
The Ministry of Finance notified Service Tax (Amendment) Rules, 2016 to amend Service Tax Rules, 1994. Amongst the changes is a substitution in the tr.....
Tags : service tax, partnership, advocates, deadline
Bombay HC: Sex Partners Cannot be Compelled to Marry(17.01.2017)
Bombay High Court has observed that just because two individuals are sexually involved they cannot be compelled to marry.
Tags : Bombay High Court, Sex Partners, Marriage
Guidelines for early Resolution of Stuck Public Private Partnership projects at Major Ports(11.05.2022)
Background
In the past decade, Government of India invited private investment into Major Port Sector and several projects were awarded under .....
Tags : Guidelines, Early Resolution, Partnership projects
SC: Legal Heirs Can’t Claim Ownership of Partner’s Contribution in Firm(28.02.2025)
Supreme Court has observed that a partner’s contribution in the partnership firm becomes the firm’s property and legal heirs of the partner cannot cla.....
Tags : Supreme Court, Partnership Firm, Exclusive Right
SC: Legal Heirs Can’t Claim Ownership of Partner’s Contribution in Firm(28.02.2025)
Supreme Court has observed that a partner’s contribution in the partnership firm becomes the firm’s property and legal heirs of the partner cannot cla.....
Tags : Supreme Court, Partnership Firm, Exclusive Right
Delhi High Court Passes Permanent Injunction in Favour of ‘Peak XV Partners’(03.04.2025)
Delhi High Court has passed permanent injunction of in favour of Peak XV Partners Advisors India LLP against passing off of its trademark 'Peak XV Par.....
Tags : Delhi High Court, Permanent Injunction, 'Peak XV Partners
DIRECT TAXATION - Partners can’t be Taxed for Transaction Made by Firm: ITAT(18.03.2019)
Income Tax Appellate Tribunal ( ITAT ), Pune has held that the partners cannot be taxed for transaction made by the Firms.
Tags : ITAT, Partnership, Tax
Clarifications on the Income Declaration Scheme, 2016(14.07.2016)
The Central Board of Direct Taxes released additional clarifications on the Income Declaration Scheme 2016.
In answers to ten additional qu.....
Tags : income declaration scheme, revision, directors, partners
Bom. HC: Unregistered Partnership Firm Can be Made an Accused in Cheque Bounce Case(19.10.2023)
Bombay High Court has held that registration or non-registration of the partnership firm will have no bearing insofar as Section 141 of Negotiable Ins.....
Tags : Bombay High Court, Cheque Bounce, Unregistered Partnership Firm
SC: S. 42 of Partnership Act Won’t Apply Where There Are More than 2 Partners in a Partnership Firm(17.07.2025)
Supreme Court has observed that Section 42 of the Partnership Act, 1932 will not apply where there are more than two partners in a partnership firm an.....
Tags : Supreme Court, Section 42, Partnership Firm
Bombay HC: Can Consider Experience of Proprietor who Becomes Partner in LLP as LLP’s Experience(27.06.2025)
Bombay High Court has observed that for evaluating LLP's eligibility in a public tender, experience of a proprietor who becomes partner in a Limited L.....
Tags : Bombay High Court, Proprietor, Limited Liability Partnership
SC: In Cheque Dishonour Cases, Partners Would be Personally, Jointly and Severally Liable(17.07.2025)
SC has observed that when the offence of cheque dishonour has been proved against a partnership firm, the firm per se would not be liable, but liabili.....
Tags : Supreme Court, Cheque Dishonour, Partnership Firm
Plaintiff must establish shape and active functioning of partnership if made orally(13.08.2015)
A right to participate in the profits of the trade does not, by itself, demonstrate the existence of a partnership; the relationship also depends on t.....
Tags : Partnership, existence, intention
Delhi High Court Stays Removal of Mohit Saraf from L&L Partnership(18.01.2021)
Delhi High Court has stayed the termination of L&L Partners Senior Partner Mohit Saraf from the firm's partnership pending the conclusion of arbitrati.....
Tags : Delhi High Court, Mohit Saraf, L&L Partnership
Delhi High Court: Consenting Adults can Choose Life Partners Without Societal or Parental Approval(06.02.2026)
Delhi High Court ruled that consenting adults have the constitutional right to choose their life partners without needing societal or parental approva.....
Tags : Adults, Life Partners, Approval
Madras HC: Arbitration Clause Contained in Partnership Deed Survives Termination of Deed(25.04.2022)
Madras High Court has held that the arbitration clause contained in a partnership deed survives the termination of the deed. The Court held that the c.....
Tags : Madras High Court, Arbitration Clause Contained in Partnership Deed
Raj. HC: Rent Petition Maintainable against Partnership Firm Only if Tenancy Created in Firm’s Name(30.07.2025)
Rajasthan High Court has held that a rent petition against the partnership firm is liable to be filed only if the tenancy is created in the name of th.....
Tags : Rajasthan High Court, Partnership Firm, Tenancy