A partnership firm was established by 4 partners. The firm purchased a plot in MIDC. No business activity has taken place in the said firm since establishment. The only asset owned by the firm is the mentioned MIDC plot. 3 partners are willing to sell the plot and dissolve the firm, 4th partner is not willing to co-operate.
Question1- Can 3 partners sell their share in the firm to a buying party which automatically gives buyer the right to 75% of the property?
Question2- Can the 4th partner create hurdles while the other 3 are selling their own share in the partnership firm?
Thanks in advance!!
