44.
Dissolution by the court.- At the suit
of a partner, the Court may dissolve a firm
on any of the following grounds, namely :-
(a) that a partner has become
of unsound mind, in which case the suit may
be brought as well by the next friend of the
partner who has become of unsound mind as by
any other partner;
(b) that a partner, other
than the partner suing, has become in any way
permanently incapable of performing his duties
as partner;
(c) that a partner, other
than the partner suing, is guilty of conduct
which is likely to affect prejudicially the
carrying on of the business regard being had
to the nature of the business;
(d) that a partner, other
than the partner suing, wilfully or persistently
commits breach of agreements relating to the
management of the affairs of the firm of the
conduct of its business; or otherwise so conducts
himself in matters relating to the business
that it is not reasonably practicable for the
other partners to carry on the business in partnership
with him;
(e) that a partner, other
than the partner suing, has in any way transferred
the whole of his interest in the firm to a third
party, or has allowed his share to be charged
under the provisions of rule 49 of Order XXI
of the First Schedule to the Code of Civil Procedure,
1908, or has allowed it to be sold in the recovery
of arrears of land revenue or of any dues recoverable
as arrears of land revenue due by the partner;
(f) that the business of the
firm cannot be carried on save at a loss; or
(g) on any other ground which
renders it just and equitable that the firm
should be dissolved.
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