Insolvency of a partner
Commencement. 1932-10-01 (except section 69) 1933-10-01
Section 34 of the Indian Partnership Act, 1932 deals with insolvency of a partner. Where a partner in a firm is adjudicated an insolvent he ceases to be a partner on the date on which the order of adjudication is made, whether or not the firm is thereby dissolved. The Act was enacted on 08 Apr 1932.
(1) Where a partner in a firm is adjudicated an insolvent he ceases to be a partner on the date on which the order of adjudication is made, whether or not the firm is thereby dissolved.
(2) Where under a contract between the partners the firm is not dissolved by the adjudication of a partner as an insolvent, the estate of a partner so adjudicated is not liable for any act of the firm and the firm is not liable for any act of the insolvent, done after the date on which the order of adjudication is made.
Section 34, The Indian Partnership Act, 1932 (Act 9 of 1932).
Questions about Section 34
What does Section 34 of the Indian Partnership Act deal with?
Section 34 of the Indian Partnership Act is headed "Insolvency of a partner". Where a partner in a firm is adjudicated an insolvent he ceases to be a partner on the date on which the order of adjudication is made, whether or not the firm is thereby dissolved.
How do I find court cases under Section 34 of the Indian Partnership Act?
In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Partnership Act 34, section 34 Partnership Act, section 34 of the Indian Partnership Act. People searching for it also type indian partnership act 1932 section 34. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
When was Section 34 of the Indian Partnership Act enacted?
Section 34 of the Indian Partnership Act, cited as Partnership Act 34, was enacted on 08 Apr 1932 as Act 9 of 1932. It is in force as at the date shown on this page.
Other sections of this Act
Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Text as in force on 19 Oct 2026. This page is not a substitute for legal advice.