The appellant herein is Sri Murugan Oil Industries, Private, Limited, by its Managing Agent, Kolandaiappan, defendant in O.S. No. 291 of 1958 on the file of the District Munsif, Karur. The suit was filed by two partners of a firm, for dissolution and rendition of accounts against the third partner. The trial Court decreed the suit, and this was confirmed by the lower appellate Court. Defendants appeal. The prior circumstances necessary for a consideration of this Second Appeal are the following:

On 4th February, 1955, a deed of partnership was entered into between (1) A. T. V. Suryanarayana Chettiar, (2) A. T. V. Ramachandran Chettiar and (3) M. Kolandaiappan, Managing Agent, Sri Murugan Oil Industries, Limited for and on behalf of the said company. The agreement went on to recite that Kolandaiappan who is the proprietor of another company, M. Kolandiappan 8 Company, conducted and managed in his capacity as managing agent, the Sri Murugan Oil Industries, Limited. In the course of the management of the latter company, it was found that there were no proper facilities for the conduct of the business, and in accordance with the resolution of the Managing Committee of the said M