tag:blogger.com,1999:blog-3202774368551476669.post4742428579945820935..comments2023-09-15T16:21:31.980+05:30Comments on INDIAN CORPORATE LAW: Supreme Court on Piercing the Corporate Veil in Public InterestUmakanth Varottilhttp://www.blogger.com/profile/12438677982004444359noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-3202774368551476669.post-25525843068341601152016-02-01T18:45:32.127+05:302016-02-01T18:45:32.127+05:30I believe we are concerned here with a public grou...I believe we are concerned here with a public ground for piering the corporate veil. The moment it formed itself in a Pvt Ltd company, I suppose it had the intent of transferring the company for pecuniary gain.<br />This clearly embarks the false legal facade hat a company uses to hide their frivolous ativities.<br />Anonymoushttps://www.blogger.com/profile/13441980007852277638noreply@blogger.comtag:blogger.com,1999:blog-3202774368551476669.post-32389162808591768532016-01-26T08:28:39.501+05:302016-01-26T08:28:39.501+05:30Surely this could have been justified on the groun...Surely this could have been justified on the ground of fraud . There was clearly an intention to transfer the mining lease without permission of government to a third party using the separate corporate personality. This is fraud at the inception i.e. at the time of incorporation. This would satisfy the English law requirements also, in my opinion.Sign in Greenhttps://www.blogger.com/profile/09683292201917704848noreply@blogger.comtag:blogger.com,1999:blog-3202774368551476669.post-22520596257757701322016-01-24T18:12:04.511+05:302016-01-24T18:12:04.511+05:30In my opinion tax avoidance should that too sparin...In my opinion tax avoidance should that too sparingly be the reason to lift corpoate veil. The legislature when it enacted company law has not created any provision for lifting and legislative intention should be held sacrosanct by courts Knockouthttps://www.blogger.com/profile/05965721075798478999noreply@blogger.com