Partnership Continues on Partner’s Death if Deed Allows; Heirs’ Consent Not Needed: SC

Indian Oil Corporation Ltd. Vs Shree Niwas Ramgopal & Ors. (Supreme Court of India) Partnership does not dissolve on partner’s death if deed provides continuity & legal heirs’ consent not mandatory for reconstitution of firm, Rules Supreme Court The case concerned a dispute between Indian Oil Corporation Ltd. (IOCL) and the partnership firm M/s Shree Niwas Ramgopal, which held a kerosene dealership.  After the death of one of the principal partners (Kanhaiyalal Sonthalia, holding 55% share), IOCL halted kerosene supply due to pending reconstitution of the firm involving the le...