The Supreme Court of India, comprising a Bench of Justice Ujjal Bhuyan and Justice Vipul M. Pancholi, has ruled that upon the dissolution of a partnership at will, an outgoing partner is entitled to their proportionate share in the residue of the firm’s assets realized at market value or public auction, rather than having their
On Dissolution Of Partnership At Will, Outgoing Partner Entitled To Share In Realized Value Of Assets, Not Frozen Value At Dissolution Date: Supreme Court
