Indian Partnership Act, 1932
47. Continuing authority of partners for purposes of winding up
After the dissolution of a firm the authority of each partner to bind the firm, and the other mutual rights and obligations of the partners continue notwithstanding the dissolution, so far as may be necessary to wind up the affair of the firm and to complete transactions begun but unfinished at
the time of the dissolution, but not otherwise:
PROVIDED that the firm is in no case bound by the acts of a partner who has been adjudicated insolvent; but this proviso does not affect the liability of any person who has after the adjudication
represented himself or knowingly permitted himself to be
represented as a partner of the insolvent.