Dissolution of a partnership firm refers to the process by which a partnership comes to an end. It marks the termination of the legal relationship between the partners, ceasing the continuation of the partnership business as a firm. In other words, dissolution is the formal closure of a partnership agreement, resulting in the cessation of the firm’s business operations, settlement of accounts, and distribution of assets among partners. It is important to distinguish between dissolution of the firm and dissolution of partnership among some partners. While the former refers to ending the entire partnership business, the latter refers to the retirement, death, or expulsion of one or more partners, without necessarily ending the firm. Under the Indian Partnership Act, 1932, the dissolution of a partnership firm is governed by specific provisions which outline the circumstances, procedures, and consequences of dissolution. The main objective of dissolution is to bring the affairs of the partnership to an end in an orderly manner. It involves settling all the outstanding liabilities, returning the capital contributions to partners, and distributing any remaining profits. A partnership can be dissolved in various ways, which are broadly classified into two categories: dissolution by agreement and dissolution by operation of law. Dissolution by agreement is the most common mode and occurs when all partners mutually decide to terminate the partnership. Such an agreement may be expressed explicitly in writing or verbally agreed upon. Under this mode, partners have the freedom to determine the terms, including the settlement of accounts, division of