231/1996.
The facts, in brevity are, that the father of the plaintiff i.e. M. Medappa, along with three others companystituted a registered partnership firm, M s. Rums Co. The partnership deed dated 27.01.1971, in Clause 14, stipulated that in the event of death of a partner, the remaining partners shall have the option to give a written numberice within three months of the death, to the legal heirs of the deceased partner, for purchase of the shares of the deceased.
231/1996 preferred by the plaintiff, against grant of Signature Not Verified Digitally signed by partial relief, was allowed on 08.02.2006 directing dissolution NEETU KHAJURIA Date 2017.10.05 174252 IST Reason of the firm and settlement of accounts as of date.
NAVIN SINHA, J. The respondent was the plaintiff in O.S. No.
F.A. No.
The surviving partners, defendants 1 to 3, gave numberice on 15.10.1990 in terms thereof to the plaintiff and defendants 4 to 9, being the legal heirs of the deceased partner.
The parties, for companyvenience, shall be referred to by their respective positions in the suit.
The suit was decreed in part, holding that the legal heirs of the deceased partner, were entitled to 1/4 th share to be quantified in terms of Clause 14 of the partnership deed.
Aggrieved, the defendant has preferred the present appeal.
The purchase price was to be the amount of the share of the deceased as determined at the last annual general accounts, inclusive of interest 10 per annum, upto the date of purchase.
42/1991, seeking dissolution of the partnership firm and rendition of accounts.
P.M. Medappa was deceased on 27.07.1990.
The suit was decreed in part by the Civil Judge on 03.01.1996 holding that the plaintiff and defendants 4 to 9 as legal heirs of the deceased partner, were entitled to 1/4 th share to be worked out on basis of the last annual general accounts, together with interest 10 per annum from the date of death till the date of decree.
Aggrieved by the grant of partial relief, the plaintiff preferred R.F.A. No.
The plaintiff preferred O.S. No.
