In which of the following case court can order dissolution of a partnership firm.
- AOn the death of a partner
- BOn the expiry of term of partnership
- CWhen business cannot be carried on except at a loss.
- DWhen a partner become insolvent.
Solution & Step-by-step Explanation
Under Section 44 of the Indian Partnership Act, 1932, the court may order the dissolution of a firm on certain grounds. One explicit ground is when the business of the firm cannot be carried on save at a loss. On the other hand, death, insolvency, and expiry of term are categories that generally fall under dissolution upon happening of certain contingencies (Section 42) without mandatory intervention of the court.