Partner’s Contribution Becomes Firm’s Property Under Partnership Act: SC

Sachin Jaiswal Vs Hotel Alka Raje & Other (Supreme Court of India) Supreme Court order that contribution made by the partner to the partnership firm becomes the firm’s property as per Section 14 of the Partnership Act, 1932 In the case of Sachin Jaiswal Vs Hotel Alka Raje & Others, the Supreme Court of India addressed a dispute regarding ownership of a hotel property that was contributed to a partnership firm by one of its founding partners, late Bhairo Prasad Jaiswal. The legal heirs of the deceased partner argued that the property, originally acquired by their father, should no...