Mt. Nag Kuer – Appellant
Versus
Sham Lal Sahu and others – Respondent
Lord Blanesburgh.-
The question now before the Board arises in the course of a suit for dissolution of a partnership firm. The suit has been pending in the First Court of Gaya since the 2nd February 1915.
The firm's business was that of tobacco manufacturers, and at the commencement of the suit the partners in it were the plain tiff, Bishun Ram, entitled to a 10 anna share of profits, and the defendant, Bundi Lall, entitled to a 6 anna share. There were four branches of the business in diffe rent parts of India. The partnership was governed by a deed of the 2nd August, 1905, under which the management was vested in Bishnu Ram, and there was a sti pulation for annual accounts. Interest on capital contributed wag allowed at 9 per cent. and each partner was at liberty to add his profits to his capital if he so desired.
Out of the profits of the business certain house properties had been from time to time purchased by the firm and it seems that these were left in the several possession of the partners according to their res pective share in profits. Probably for this reason, possibly also because Bundi Lall's proportionate interest in capital was by this time much greater than his intere
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