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Under section 39 of the Partnership Act, a court may order the dissolution of a partnership on the following grounds:
- If a partner has become a lunatic or is permanently of unsound mind.
- If a partner is continuously guilty of willful breach of the partnership agreement.
- If the firm?s business can only be carried on at a loss.
- If a partner is permanently incapable of discharging his obligations as a partner.
- If a partner has conducted himself in a matter prejudicial to the firm and his continued association is likely to bring the firms name into disrepute.
- If it is just and equitable that the partnership be dissolved.
raphael answered the question on April 18, 2018 at 11:58
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