JUDGMENT :

B.R. GAVAI, J.

1. Leave granted.

2. The present appeal challenges the judgment and order passed by the Division Bench of the High Court of Karnataka at Bengaluru dated 27.2.2015, thereby, dismissing the first appeal being R.F.A. No.1111 of 2008, filed by the appellants and confirming the judgment and decree passed by the XXXIII Additional City Civil & Sessions Judge, Bangalore city dated 18.8.2008, vide which the suit being O.S. No.5622 of 2004 (hereinafter referred to as “the said suit”) filed by the appellants/plaintiffs came to be partly decreed.

3. The facts, in brief, giving rise to the present appeal are as under.

The parties hereinafter will be referred to as per their status in the said suit.

A partnership firm, namely, M/s Selwel Combines (hereinafter referred to as “the partnership firm”) came to be constituted in the year 1986. Vide Partnership Deed dated 30.10.1992 (hereinafter referred to as “the 1992 Deed”), the partnership firm was reconstituted and the plaintiff No.1 (Appellant No.1 herein) was inducted as a partner along with original partners, i.e., def