purchasers and that for
doing complete Justice between the parties the corporate
veil should be lifted and all the said properties which have
already been ... others, the court
would ignore the corporate character and will look at the
reality behind the corporate veil so as to enable it to pass
Hindalco is liable to pay electricity
duty on that. footing-Whether corporate veil should be
lifted in the facts of the case-Whether Hindalco ... expression connected
with the question of lifting or piercing the corporate veil.
The appellants contended that in this case there was no
ground for lifting
agent of its shareholders. Referring
to the principle of lifting of corporate veil in modem
company law the High Court has observed that ... peeping behind the veil; (ii) penetrating the veil; (iii)
extending the veil; and (iv) ignoring the veil. The
decisions relating to determination of residence
Arcelormittal India Private Limited vs Satish Kumar Gupta on 4 October, 2018
Equivalent citations: AIR
agent of its shareholders. Referring to the principle of listing of corporate veil in modern company law the High Court has observed that ... peeping behind the veil; and (ii) Penetrating the veil; (iii) Extending the veil; and (iv) Ignoring the veil. The decisions relating to determination of residence
that for this
purpose Court would be entitled to pierce the
corporate veil, particularly so, in the context of
section 293(1)(a) , object ... members, corporate or human. In L.I.C. of
India Vs. Escorts Ltd. the
Supreme Court has clearly laid down that the
corporate veil
Balwant Rai Saluja & Anr Etc.Etc vs Air India Ltd.& Ors on 25
concept of piercing the veil is creation of the courts and only the court can pierce the veil of corporate ness. This does not appear ... corporate entity. Palmer in his Company Law (Twenty Fifth Edition) gives, with reference to case law, twelve instances where corporate veil was lifted. The learned
Sanofi Pasteur Holding Sa,Rep., By Its ... vs The Department Of Revenue Ministry Of ... on
transferred to make profit. Thus, the doctrine of
lifting the corporate veil should be invoked. The public power of
permitting transfer of lease could ... legally permissible, is the question.
23. The principle of lifting the corporate veil as an exception to the
distinct corporate personality of a company
