Under the Indian Partnership Act, 1932, the estate of a partner adjudicated insolvent is not liable for…
The proviso to s.45(1) provides that the estate of a partner "who is adjudicated an insolvent" is not liable under the section "for acts done after the date on which he…
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Under the Indian Partnership Act, 1932, the estate of a partner adjudicated insolvent is not liable for acts of the firm done after:
Answer and explanation
Correct answer B
The proviso to s.45(1) provides that the estate of a partner "who is adjudicated an insolvent" is not liable under the section "for acts done after the date on which he ceases to be a partner", and under s.34(1) that date is the date of adjudication. No public notice of the insolvency is needed.
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