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THE HIGH COURT OF KARNATAKA
HANCHATE SANJEEVKUMAR
SRI. K. J. GEORGE – Appellant
Versus
SRI. P. G. RAJU – Respondent
JUDGMENT :
HANCHATE SANJEEVKUMAR, J.
The appeal is filed by the defendants challenging the judgment and decree dated 30.10.2018 passed by the XXXI Addl. City Civil and Sessions Judge, Bengaluru City (CCH-14) in O.S.No.8160/2014, thereby, the suit filed for dissolution of partnership firm and for rendition of accounts is decreed.
2. Rank of the parties is referred to as per their rankings before the trial court.
3. It is the case of plaintiff that the plaintiff and defendants have established a partnership firm with an objective to do real estate business under the name and style as “Purple Developers” and the said firm is a registered partnership firm. It is pleaded in the plaint that the firm had purchased two lands from one Venkateshappa to the extent of 2-00 acres for consideration of 1.7 crore and another land from one Venkataswamy Reddy to the extent of 1 acre for consideration of Rs.1 crore. The plaintiff and defendants being partners in the said partnership firm have developed the said lands and formed layout and sites and in Venkateshappa’s land to the extent of 2-00 acre 45 sites were formed and in Venkataswamy Reddy’s land 22 sites were formed. It is stated that by the sale o
Partners are entitled to transparent bookkeeping; discrepancies in financial accounts justify judicial intervention for the rendition of accounts.
Settlement of accounts – Outgoing Partner would have right to seek for accounts and a share in profits which might be derived from his share in assets of firm.
Failure to provide evidence for notification and unauthorized property sales by partners led to the rejection of the dissolution suit; jurisdiction determined by prior judicial orders must be respect....
An appellate court's review is confined to issues raised in the trial court; interference with established audit findings lacks jurisdiction without evidence of wrongdoing.
The court affirmed that a valid Will cannot be superseded by a partnership deed regarding accounts due to a deceased partner, ensuring the beneficiaries' rights to profits.
The existence of a registered partnership deed governs the relationship between parties, rendering claims for partition of joint family properties unmaintainable when no evidence of joint family owne....
(1) Partition – Once disruption of joint family status takes place, coparceners cease to hold property as joint tenants but they hold as tenants-in-common.(2) Production of additional evidence – It i....
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