Under Section 25 of the Indian Partnership Act, 1932, every partner is jointly and severally liable for all acts of the firm done while he is a partner. This liability is described as: 

Section 25 provides that every partner is liable, jointly with all the other partners and also severally, for all acts of the firm done while he is a partner. This liability is unlimited-it extends to the personal assets of each partner beyond whatever they have invested in the firm. This is one of the most critical features of a general partnership distinguishing it from a company (where shareholders enjoy limited liability) or an LLP (where partners' liability is limited). The Supreme Court has consistently held that this joint and several liability cannot be contractually limited as against third parties dealing with the firm, though partners may agree inter se on contribution ratios. This principle ensures that creditors of the firm have recourse to the personal assets of each partner.