jay and Binny are partners in running a fast food shop The partnership agreement does not contain an......

jay and Binny are partners in running a fast food shop. The partnership agreement does not contain any clause as to its duration. It also does not contain any clause spelling out the conditions on which the partnership may be determined. Ajay institutes a suit on 10.05.2013 for dissolving the partnership firm. Binny objects to the suit saying that Ajay has not given any notice to him in relation to his intention of dissolving the firm. The contention of Ajay is that the institution of the suit is sufficient notice.

Decide the matter as to the date on which the firm would be dissolved and also comment on whether the court has the power to set any date other than 10.05.2013 as the date on which the firm would be dissolved.     (20 Marks)

By: santosh