Partner liability for defaulted loan

If the nature of liability which you are refering to are Bank loans then you cannot absolve just with your share, but still a proper advice can be had after going through the contract

Section  13(b) of the Indian Partnetship Act states that all the partners are entitled to equal share in profits and shall contibute equally to the losses suffered by the Firm. Further, Section 25 states that every partner is liable jointly with the other partners and also severally for all acts of the firm done while he is partner. This is to say that as per IPA, all the aprtners have to equally share the liability of the loan. However, in case it is mentioned in the Partnership Deed that the partners will be entitiled to the profits and also loss as per their contribution(partnership percentage), then it is a different matter. For that, the partnership deed is to be seen. You can mail at sanjaykumar0203@gmail.com. 

The loan documents executed by you (all partners) give option to the bank to recover its loan from the personal assets of any partner (after exausting the firms assets) as the libility of all the aprtners is joint & several

The loan documents executed by you (all partners) give option to the bank to recover its loan from the personal assets of any partner (after exausting the firms assets) as the libility of all the aprtners is joint & several