tag:blogger.com,1999:blog-3202774368551476669.post312133432995240684..comments2023-09-15T16:21:31.980+05:30Comments on INDIAN CORPORATE LAW: Lifting the Veil: Is 'Fraud' Necessary?Umakanth Varottilhttp://www.blogger.com/profile/12438677982004444359noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-3202774368551476669.post-67758398813427143982011-11-11T15:24:46.723+05:302011-11-11T15:24:46.723+05:30As ever, a crisp analysis, which has become the ha...As ever, a crisp analysis, which has become the hallmark of the authors of this blog. A slightly off-topic suggestion: would all the authors consider publishing a book on Indian private/commercial law, similar to the "English Private Law" series? Understandably, the blog authors may not feel up to the task of replicating the work of people like Prof. Birks, but quite frankly, some of the best of current Indian commercial law writing is found on this blog. It would be helpful if there were an easily accessible "Indian Private Law" edition, even if that edition did not match English Private Law (matching that, I assume, will take years of work)Dr. Skr.https://www.blogger.com/profile/17674342560826029532noreply@blogger.comtag:blogger.com,1999:blog-3202774368551476669.post-82066084512054878632011-11-09T14:41:21.347+05:302011-11-09T14:41:21.347+05:30If usual principles of the law of agency are not a...If usual principles of the law of agency are not attracted, then there does not seem to be any reason in principle why the parent should be affixed with responsibility. In other words, if the facts and/or the control exercised by the parent is not sufficient to come to a conclusion that there is an agency relationship between the parent and the subsidiary, there does not seem to be any other reason to lift the veil.Mihir Naniwadekarhttps://www.blogger.com/profile/10774588998184976540noreply@blogger.comtag:blogger.com,1999:blog-3202774368551476669.post-17215010399773430082011-11-09T12:11:55.379+05:302011-11-09T12:11:55.379+05:30Very helpful post. Just one question: why is it wr...Very helpful post. Just one question: why is it wrong for the Court to say that "fraud" is not essential? In particular, when the companies in the modern world operate through layers and layers of subsidiaries but effective power is in one hand, why should that not be enough to lift the veil and to fix responsibility on the ultimate power-holder?Rajivnoreply@blogger.com