Payment of firm debts and of separate debts
Commencement. 1932-10-01 (except section 69) 1933-10-01
Section 49 of the Indian Partnership Act, 1932 deals with payment of firm debts and of separate debts. Where there are joint debts due from the firm, and also separate debts due from any partner, the property of the firm shall be applied in the first instance in payment of the debts of the firm, and, if there is any surplus, then the share of each partner shall be applied in payment of his separate d The Act was enacted on 08 Apr 1932.
Where there are joint debts due from the firm, and also separate debts due from any partner, the property of the firm shall be applied in the first instance in payment of the debts of the firm, and, if there is any surplus, then the share of each partner shall be applied in payment of his separate debts or paid to him. The separate property of any partner shall be applied first, in the payment of his separate debts, and the surplus (if any) in the payment of the debts of the firm.
Section 49, The Indian Partnership Act, 1932 (Act 9 of 1932).
Questions about Section 49
What does Section 49 of the Indian Partnership Act deal with?
Section 49 of the Indian Partnership Act is headed "Payment of firm debts and of separate debts". Where there are joint debts due from the firm, and also separate debts due from any partner, the property of the firm shall be applied in the first instance in payment of the debts of the firm, and, if there is any surplus, then the share of each partner shall be applied in payment of his separate d
How do I find court cases under Section 49 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 49, section 49 Partnership Act, section 49 of the Indian Partnership Act. People searching for it also type indian partnership act 1932 section 49. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
When was Section 49 of the Indian Partnership Act enacted?
Section 49 of the Indian Partnership Act, cited as Partnership Act 49, 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 18 Oct 2026. This page is not a substitute for legal advice.