INSIGHTS

Introduction : Winding up of a partnership business in India is not usual, but a simple case of one of the partners leaving and the other partners recruiting another family member or a new partner, while continuing with the same old business from the same old shop, using the same old name and serving the same old clientele. The expectation is always that the outgoing partner would be “settled” in the long run. This expectation was tested in V. Sumitra Reddy v. K. Ranganadha R