Retirement Of One Partner Amounts To Dissolution Of Partnership Firm Consisting Of Only Two Partners: SC [Read Judgment]

When there are only two partners and one has agreed to retire, then the retirement amounts to dissolution of the firm, the Supreme Court has observed. The bench of Justices NV Ramana, Sanjiv Khanna and Krishna Murari was considering a civil appeal in which the contention raised was that since the appellant had resigned as a partner and, therefore, in terms of the relevant clause of...