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Write a short note on Compulsory Dissolution of a firm.
by Mayank Shekhar 24 May 2023 5:41 AM GMT
A Partnership firm was financially embarrassed and therefore made a compromise with their creditors ‘B’, ‘C’, ‘D’ and ‘E’. Under the compromise, the property of firm was assigned to all the four creditors. They were empowered to carry on business, to share the profits among themselves.... Determine the existence of partnership.....
by Mayank Shekhar 22 May 2023 10:11 AM GMT