MP High Court: Women Retain Reservation Benefits After Marriage if Caste is Recognized in Both States  ||  Allahabad HC: Police Must Prosecute Informants of False Firs, and IOs May Face Contempt if They Fail  ||  MP HP: Over-Age Candidate Cannot Claim Age Relaxation Due to Delay in Earlier Recruitment  ||  Kerala HC: Petrol Pump Licence is Automatically Cancelled on Lease Expiry Without Any Hearing  ||  MP HC: Trial Courts Cannot Grant Permanent Injunction in Title Suits Without Recovery of Possession  ||  MP High Court: Guardians Can be Liable For Minors Flying Kites With Chinese Manjha  ||  SC: Under Order XXI Rule 102 CPC, A Transferee Pendente Lite Cannot Obstruct Execution of a Decree  ||  SC: RTE Act promotes fraternity and equality by children of judges and vendors studying together  ||  MP High Court: Aadhaar and Voter ID Cards are Not Definitive Proof of Date of Birth  ||  Chhattisgarh HC: Second Marriage During Subsisting First Marriage Void Unless Custom Permits It    

Apollo Group Inc. and Ors. v. K.K. Modi Investment and Financial Services Pvt. Ltd. and Ors. - (High Court of Delhi) (17 Aug 2015)

Court can lift corporate veil to determine common business goal and privity of interest

MANU/DE/2294/2015

Civil

The corporate veil can be lifted by the Court in “diverse circumstances” to determine the true nature of a company or a group of companies. The Appellant had challenged the determination in a previous judgment that its subsidiaries were subject to a non-compete clause in an agreement for providing educational services between the holding company and the Respondents. Noting that the previous court was assessing if there existed a cause of action against the subsidiaries of the Appellants, the High Court found it sufficient reason to lift the corporate veil.

Relevant : Liverpool and London S.P. & I Association Limited v. M.V. Sea Success I & Anr MANU/SC/0951/2003 State of UP v. Renusagar Power Corporation MANU/SC/0505/1988 Juggi Lal Kamlapat v. C.I.T. MANU/SC/0091/1968

Tags : CORPORATE VEIL   SUBSIDIARY   AGREEMENT  

Share :        

Disclaimer | Copyright 2026 - All Rights Reserved