Section 49: Payment of firm debts and of separate debts.

Q: What does Section 49 of The Indian Partnership Act, 1932 (IPA) deal with?

Section 49 IPA pertains to "Payment of firm debts and of separate debts.". It is part of the The Indian Partnership Act, 1932, a legislation enacted by the Parliament of India. Section 49 of The Indian Partnership Act, 1932 (IPA) governs payment of firm debts and of separate debts. As verified on 19 May 2026.

Q: Is Section 49 IPA still in force?

Yes, Section 49 of the The Indian Partnership Act, 1932 is currently in force across the Republic of India.

Q: What is धारा 49 IPA?

धारा 49 IPA is the Devanagari Hindi reference for Section 49 of the The Indian Partnership Act, 1932. Section 49 of The Indian Partnership Act, 1932 (IPA) governs payment of firm debts and of separate debts. As verified on 19 May 2026.

Q: What is Dhara 49 IPA?

Dhara 49 IPA is the Roman Hindi reference for Section 49 of the The Indian Partnership Act, 1932. "Dhara" means "Section" in Hindi. Section 49 of The Indian Partnership Act, 1932 (IPA) governs payment of firm debts and of separate debts. As verified on 19 May 2026.

Q: How to cite Section 49 of The Indian Partnership Act, 1932?

Cite as: "Section 49, The Indian Partnership Act, 1932 (IPA)" in legal briefs. For academic writing, use the BlueBook format: The Indian Partnership Act, 1932, § 49 (India).

Law on Tips Editorial Board

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.