Can partner sale property

Querist : Anonymous (Querist) 03 January 2021 This query is : Resolved
Dear Sir

We have 5 partners in Partnership Firm, out of that 4 are willing to sale property which is in the name of Firm.

4 other partners have 80 percent share in partnership each of 20 percent and 5th partner has 20 percent share in partnership.

This partnership firm owns a land (immovable property). The peice of land owned by firm is not demarketed as which 20 percent of land belongs to which partner.

Can these 4 partner sale 80 percent property to other another individual or firm, if 5th partner of firm not willing to sale property.

If they sale, which 20 percent property is of 5th partner? Can you guide?

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Quick Summary

A partnership firm owns a piece of land, but one out of five partners is unwilling to sell their share. The other four partners, holding 80% of the ownership, wish to sell the property. This discussion explores whether the majority partners can sell the 80% share without the consent of the dissenting partner and clarifies how the individual partner's 20% portion is determined.

kavksatyanarayana (Expert) 03 January 2021
Repeated. already answered the query.

Rajendra K Goyal (Expert) 05 January 2021
Repeated query:

https://www.lawyersclubindia.com/experts/can-partner-sale-property-727366.asp

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