partner liability Archives

39. A partner filed a criminal case against a person accusing him of theft of the firm’s assets. However, the court found the accused innocent. Then the accused filed Suit against the firm for damages and malicious prosecution. Is the firm liable? Discuss.

1. Facts of the Case ‘A’, one of the partners of a partnership firm, filed a criminal complaint against a person, alleging theft of the […]

1. Facts of the Case 2. Issues in the Case 3. Legal Principles Covered a) Section 32 of the Indian Partnership Act, 1932 – Retirement […]