Every partner is liable, jointly, and severally, for all acts of the firm

Suresh Kumar Vs Union of India Through Directorate of Enforcement (Jharkhand High Court) Since the applicant was partner of M/s. Bhanu Construction, a partnership firm and he was also very much aware in regard to the transfer of the alleged amount in the account of M/s. Bhanu Construction and the alleged amount was also laundered by applicant along with another partner Sanjay Tiwary, who was the authorized signatory of the firm on behalf of the applicant also. In view of the statement of applicant under Section 50 of the Act, 2002, it cannot be denied that he was not involved in the alleged Th...