The Indian Lunacy Act 1912, 4 of 1912, (Rep., Act 14 of 1987) · IV — .—Proceedings in Lunacy in Presidency-towns.)

Section 53. Where a lunatic has been engaged in business, the Court may, if it appears to be for the lunatic's b

Repealed or not in force · As amended up to 2026-08

Chapter IV.—Proceedings in Lunacy in Presidency-towns.) partners in disposing of the partnership property upon such terms, and shall do all such acts for carrying into effect the dissolution of the partnership, as the Court shall think proper. Disposal of business premises. 53. Where a lunatic has been engaged in business, the Court may, if it appears to be for the lunatic's benefit that the business premises should be disposed of, order the manager of the estate to sell and dispose of the same; and the moneys arising from such sale shall be applied in such manner as the Court may direct. Manager may dispose of lease.

Source: India Code