The provisions of Section 69 of the Indian Partnership Act, 1932 also apply to:
Section 69(3) extends the specified restrictions to set-off and other proceedings enforcing contractual rights, with express exceptions including dissolution accounts.…
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The provisions of Section 69 of the Indian Partnership Act, 1932 also apply to:
Answer and explanation
Correct answer B
Section 69(3) extends the specified restrictions to set-off and other proceedings enforcing contractual rights, with express exceptions including dissolution accounts. Arbitral proceedings and awards are not automatically included merely by calling them other proceedings; the Supreme Court discussion in Shiv Developers 31 January 2022 distinguishes that Umesh Goel issue. Criminal complaints and third-party suits against the firm are different.
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