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Apr 1, 2009

Partnership M.V. Karunakaran v. Krishan, AIR 2007 (SC) 1501 The partners as pre-existing co-owners had a definite share of the property. They merely applied their own property for running a business in partnership. On dissolution of the partnership, their right in the property revived. Using of a premises for business purpose would not automatically lead to the conclusion that the premises belonged to the partnership firm.

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