Supreme Court · 2021 INSC 669 · Decided 26 October 2021
V. Anantha Raju & Anr v. T.M. Narasimhan & ORS.
- Court
- Supreme Court of India
- Citation
- 2021 INSC 669 · [2021] 11 S.C.R. 860
- Case number
- CIVIL APPEAL No. 6469/2021
- Decided
- 26 October 2021
- Bench
- L. NAGESWARA RAO, SANJIV KHANNA, BHUSHAN RAMKRISHNA GAVAI (3-judge bench)
- Outcome
- Case Partly allowed
- Case type
- Civil
- Acts & sections cited
- Evidence Act Section 91, 92
Headnote
Partnership - Share in the profit and loss - A partnership firm was constituted in the year 1986 - In 1992 the partnership firm was re- constituted and the plaintiff no.1/appellant No.1 was inducted as a partner with 50% share in with original partners, i.e., defendant Nos. 1 to 5 - It was however provided in the 1992 Deed, that if plaintiff no.1 fails to bring in an amount of Rs.50,00,000/- as his capital contribution on or before 31.3.1993, his share in the firm would be only to the extent of 10% - The
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