Corporate veil lifted to cancel lease sale

0
940

In State of Rajasthan & Ors v Gotan Limestone Khanji Udyog Pvt Ltd, the Supreme Court held that the doctrine of lifting of a corporate veil has to be applied to give effect to a law that is sought to be circumvented where a corporate entity is used to conceal a transaction which is not legally permitted.

You must be a subscriber to read this article, or you can register for free to enjoy the current issue.

该部分内容仅提供予《商法》订阅会员。你可以订阅去解锁所有内容。你也可以免费注册去浏览最新一期的内容。

The dispute digest is compiled by Bhasin & Co, Advocates, a corporate law firm based in New Delhi. The authors can be contacted at lbhasin@bhasinco.in or lbhasin@gmail.com. Readers should not act on the basis of this information without seeking professional legal advice.