1. The plaintiff, the three defendants and Kantilal Ochhavlat Sheth were carrying on business in partnership in the name of M/s. Goodwill Light House on the terms and conditions recorded in the Deed of Partnership dated 19th June, 1971. The partnership business consisted of manufacturing and / or dealing in Stoves, Lanterns, Blow lamps, Pressure Cookers, Milk Cookers etc. The business was carried on at Ryfa Buildings, Block No. 1. Safedpool, Kurla - Andheri Road, Bombay. Each of the 5 partners had 20% share in the said partnership business. Under clause 2 of the partnership deed it was provided as follows :
"2. The Partnership with the change in the constitution of the firm, has commenced the partnership business on and from the 1st day of January, 1971 and shall continue unless dissolved or determined by and with the mutual consent of all the partners provided that any of the parties hereto may retire from the partnership after giving to the others a previous notice in writing of not less than three calendar months of his intention to retire from the partnership and he shall be deemed to have retired from the partnership at the expiration of the period of the said notice and remain