Supreme Court · 1985 INSC 214 · Decided 30 September 1985
Bhagwant P. Sulakhe v. Digambar Gopal Sulakhe and ORS.
- Court
- Supreme Court of India
- Citation
- 1985 INSC 214 · [1985] SUPP. 3 S.C.R. 169
- Case number
- CIVIL APPEAL No. 2622/1969
- Decided
- 30 September 1985
- Bench
- P.N. BHAGWATI, AMARENDRA NATH SEN, D.P. MADON (3-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Companies Act Section 87(A)(2)
Headnote
B Joint family property, character of - When it changes - Whether by an unilateral act it is open to any member of the joint family to convert any joint family property into his personal property - Partnership firm formed out of joint family funds and managing agency agreement entered into by such received by the co-sharers of the joint family in terms of the managing agency agreement and the remuneration received by them as the managing director treated as the joint family property for all purposes - Whether one of the co-sharers by a simple letter claim the commission remuneration
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