Rights where partnership contract is rescinded for fraud or misrepresentation
Commencement. 1932-10-01 (except section 69) 1933-10-01
Section 52 of the Indian Partnership Act, 1932 deals with rights where partnership contract is rescinded for fraud or misrepresentation. Where a contract creating partnership is rescinded on the ground of the fraud or misrepresentation of any of the parties thereto, the party entitled to rescind is, without prejudice to any other right, entitled-- (a) to a lien on, or a right of retention of, the surplus or the assets of the firm rem The Act was enacted on 08 Apr 1932.
Where a contract creating partnership is rescinded on the ground of the fraud or misrepresentation of any of the parties thereto, the party entitled to rescind is, without prejudice to any other right, entitled--
(a) to a lien on, or a right of retention of, the surplus or the assets of the firm remaining after the debts of the firm have been paid, for any sum paid by him for the purchase of a share in the firm and for any capital contributed by him;
(b) to rank as a creditor of the firm in respect of any payment made by him towards the debts of the firm; and
(c) to be indemnified by the partner or partners guilty of the fraud or misrepresentation against all the debts of the firm.
Section 52, The Indian Partnership Act, 1932 (Act 9 of 1932).
Questions about Section 52
What does Section 52 of the Indian Partnership Act deal with?
Section 52 of the Indian Partnership Act is headed "Rights where partnership contract is rescinded for fraud or misrepresentation". Where a contract creating partnership is rescinded on the ground of the fraud or misrepresentation of any of the parties thereto, the party entitled to rescind is, without prejudice to any other right, entitled-- (a) to a lien on, or a right of retention of, the surplus or the assets of the firm rem
How do I find court cases under Section 52 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 52, section 52 Partnership Act, section 52 of the Indian Partnership Act. People searching for it also type section 52 indian partnership act 1932. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
When was Section 52 of the Indian Partnership Act enacted?
Section 52 of the Indian Partnership Act, cited as Partnership Act 52, 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 14 Oct 2026. This page is not a substitute for legal advice.