ISLAMABAD: The Lahore High Court (LHC) Rawalpindi bench on Tuesday redefined certain ingredients of partnership in the family business while disposing of the petition filed by two brothers against the control and ownership of a business outlet managed by their three siblings.
The petitioners Shaukat Ali Noon and Arshad Ali Noon petitioned before the LHC seeking to liquidate the family business or a court decree to give them an equal share in it.
Brief facts of the case, as per the petition, are that in the year 1947 the deceased father of the petitioners and the respondents Khalil Ahmed Noon, Liaqat Ali Noon and Rashid Ali Noon, started business of a bakery on Railway Road, Saddar in........