Indian Partnership Act, 1932 · Chapter VI: Dissolution of A Firm
Section 42: Dissolution on the happening of certain contingencies
Subject to contract between the partners a firm is dissolved—
(a) if constituted for a fixed term, by the expiry of that term;
(b) if constituted to carry out one or more adventures or undertakings, by the completion thereof;
(c) by the death of a partner; and
(d) by the adjudication of a partner as an insolvent.
Source: India Code (indiacode.gov.in), the consolidated text published by the Legislative Department, Government of India. Text as updated on India Code on 15 October 2026. Words in square brackets [ ] were inserted or substituted by later amending Acts, and *** marks words omitted by an amendment. The amendment footnotes are not reproduced here. Official text on India Code.
Supreme Court judgments citing the section 42
-
Indian Oil Corporation Limited & Ors. v. M/S Shree Niwas Ramgopal & Ors.
Whether the Division Bench of the High Court rightly upheld the mandamus issued by the Single Judge directing the IOCL to maintain the supply of kerosene to the respondent No.1-partnership firm till it is reconstituted…
-
Dhanasingh Prabhu v. Chandrasekar & Another
Whether the High Court was right in dismissing the complaint on the ground that the name of the partnership firm was not mentioned in the statutory notice issued by the appellant/complainant to the respondents u/s.138…
-
Rahul Verma & Ors. v. Rampat Lal Verma & Ors.
Issue arose whether the legal heirs of a deceased partner in a partnership firm, being non-signatories to the partnership deed and in the absence of their explicit consent, can still be bound by the arbitration…
- Rajendra Bajoria and Others v. Hemant Kumar Jalan and Others
- Davesh Nagalya (D) & Ors. v. Pradeep Kumar (D) Thr. Lrs. and Ors.
- S. P. Misra & Ors. v. Mohd. Laiquddin Khan & Anr.
- Mohd. Laiquiddin and Anr. v. Kamala Devi Misra (Dead) by Lrs. and Ors.
- The Commissioner of Income Tax Central-I, Bombay v. Messrs Empire Estate, Bombay