Supreme Court Legal Update #38
The Hon’ble Supreme Court Court in Indian Oil Corporation Limited & Ors. v. M/s Shree Niwas Ramgopal & Ors. (Neutral Citation: 2025 INSC 832) observed that “..... It is settled in law by virtue of Section 42 of the Partnership Act, 1932 that the partnership will stand dissolved interalia on the death of the partner but this is applicable in cases where there are only two partners constituting the partnership firm. The aforesaid principle would not apply where there are more than two partners in a partnership firm and the deed of partnership provides otherwise that the firm will not stand automatically dissolved on the death of one of the partners. ......”
