In which circumstances court can pass the order for dissolution of a f

1.	In which circumstances court can pass the order for dissolution of a firm ? Explain
Answer» When any partner file a suit for dissolution of a firm on any of the following circumstances and the court orders to dissolve the firm : When any partner become insolvent. When any partner becomes of unsound mind. When a partner willfully and persistently breaches the partnership agreement. When a partner undertakes misconduct against partnership firm or against business of firm. When a partner becomes permanently incapable of performing his duties as a partner. When a firm continuously incurs losses and is unable to run a business due to loss. When a partner transfers his whole interest in the partnership to a third party without the consent of other partners. When the court finds any other ground to be just and equitable for the dissolution of the firm.

In which circumstances court can pass the order for dissolution of a firm ? Explain

Answer»

When any partner file a suit for dissolution of a firm on any of the following circumstances and the court orders to dissolve the firm :

When any partner become insolvent.
When any partner becomes of unsound mind.
When a partner willfully and persistently breaches the partnership agreement.
When a partner undertakes misconduct against partnership firm or against business of firm.
When a partner becomes permanently incapable of performing his duties as a partner.
When a firm continuously incurs losses and is unable to run a business due to loss.
When a partner transfers his whole interest in the partnership to a third party without the consent of other partners.
When the court finds any other ground to be just and equitable for the dissolution of the firm.