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Personal property converted to the Partnership property – becomes property of firm

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Late Bhairo Prasad Jaiswal had purchased the plot  in 1965 Faizabad and after constituting partnership firm – Respondent no.1 in 1972, he jointly constructed the building on the said property with his partner – brother Hanuman Prasad Jaiswal to run a hotel vide partnership deed dated 11.10.1972. This leaves no room for any doubt that late Bhairo had brought the property in question to the stock of the partnership firm as his contribution to the same.  Thus, the said property became property of the partnership under Section 14 of the Partnership Act.  

HELD that the separate property of an individual partner can be converted into partnership property

Judgment dated 27.2.2025 of the Supreme Court of India in SLP [Civil] No.18717 of 2022 of Sachin Jaiswal   Vs.  M/s. Hotel Alka Raje and others

 

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