Lifting Of Corporate Veil Cases

Lifting Of Corporate Veil Cases. As such, the company itself assumes responsibility for its own debts and liabilities, rather than the independent directors and shareholders. Implications of lifting the corporate veil.

The doctrine of the corporate veil has significantly emerged through various judicial pronouncements by the courts of india. It remains to be seen in future cases as to the utility of making a distinction between lifting the corporate veil (concealment principle) and piercing the corporate veil.