Supreme Court Rules: "Personal Property Given to Firm Becomes Firm’s Asset" Supreme Court Supreme Court Rules: “Personal Property Given to Firm Becomes Firm’s Asset” The Supreme Court confirmed that once a partner contributes personal property to a firm, it becomes the firm’s asset under Section 14 of the Indian Partnership Act, 1932. Individual ownership no longer applies after the transfer. Share this: Share on X (Opens in new window) X Share on Facebook (Opens in new window) Facebook Like this:Like Loading... By Vaibhav Ojha 28 February 2025, 6:57 PM28 February 2025, 6:57 PM
