Where a partner is adjudged insolvent, every other partner shall indemnify the firm for any loss or damage sustained by the firm by reason of any payment made, or any debt contracted, by the insolvent partner in good faith in or for the benefit of the firm, and shall also indemnify every other partner in respect of any loss or damage sustained by him in consequence of any dishonest act or omission of the insolvent partner.
Partnership Act, 1932
धारा 42
Duty of partners to indemnify partner in respect of payments made and debts contracted by him in cases of insolvency
Englishहिंदी
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हिंदी अनुवाद जल्द आ रहा है
इस धारा का प्रमाणित हिंदी अनुवाद और कानूनी स्पष्टीकरण वर्तमान में तैयार किया जा रहा है। आप तब तक मूल अंग्रेज़ी पाठ देख सकते हैं।
अंग्रेज़ी में देखें (View in English) →मूल वैधानिक पाठ (Original English Text)
Statutory Content of Section 42
Indian StandardSection 42, Partnership Act, 1932
Bluebook (21st ed.)Partnership Act, 1932, § 42 (India)
Court Pleading StandardSection 42 of the Partnership Act, 1932
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