Current Volume 9
Abstract
The said principle, as established through the seminal English ruling of Salomon v. Salomon & Co. Ltd. (1897), guarantees that a company’s rights and liabilities shall remain independent of those individuals controlling or owning it. Amongst the various benefits that come with the application of the separate legal entity doctrine include perpetual succession, limited liability, transferability of shares, and an independent pool of assets. Unfortunately, while the features of the corporation may be seen as advantages, they can be easily abused, hence the creation of ways through which courts or legislators can lift the corporate veil, a rare practice that will be discussed further in this research paper. This study seeks to analyze the principles of lifting the corporate veil through landmark cases like Gilford Motor Co. v. Horne, Jones v. Lipman, and significant Indian rulings including Life Insurance Corporation of India v. Escorts Ltd., and Delhi Development Authority v. Skipper Construction Co. The paper presents a case study and comparison which demonstrates that while the process of piercing the veil helps in ensuring accountability and avoiding the misuse of corporate personality, there is a need to exercise great care on part of the courts while doing so. Conclusion The paper ends with suggestions regarding the criteria for making sure that piercing of the veil remains consistent going forward.
Keywords
Corporate Veil, Piercing the Veil, Company Law, Public Interest, Corporate Fraud, Indian Corporate Jurisprudence, Judicial Accountability
Citations
IRE Journals:
Priya, Suryapratap Singh Pundir "Grounds for Lifting the Corporate Veil" Iconic Research And Engineering Journals Volume 9 Issue 11 2026 Page 2777-2787 https://doi.org/10.64388/IREV9I11-1717871
IEEE:
Priya, Suryapratap Singh Pundir
"Grounds for Lifting the Corporate Veil" Iconic Research And Engineering Journals, 9(11) https://doi.org/10.64388/IREV9I11-1717871
About IRE Journals
IRE Journals is an open access online journals established with an aim to publish high quality of research work in various diciplines. We have more than 6 years in publications. Over 2500+ papers already published.
Important Links
For Authors
Volume 8:
Issue 1, Issue 2, Issue 3, Issue 4, Issue 5, Issue 6, Issue 7, Issue 8, Issue 9, Issue 10, Issue 11, Issue 12Volume 7:
Issue 1, Issue 2, Issue 3, Issue 4, Issue 5, Issue 6, Issue 7, Issue 8, Issue 9, Issue 10, Issue 11, Issue 12Volume 6:
Issue 1, Issue 2, Issue 3, Issue 4, Issue 5, Issue 6, Issue 7, Issue 8, Issue 9, Issue 10, Issue 11, Issue 12Volume 5:
Issue 1, Issue 2, Issue 3, Issue 4, Issue 5, Issue 6, Issue 7, Issue 8, Issue 9, Issue 10, Issue 11, Issue 12Volume 4:
Issue 1, Issue 2, Issue 3, Issue 4, Issue 5, Issue 6, Issue 7, Issue 8, Issue 9, Issue 10, Issue 11, Issue 12Volume 3:
Issue 1, Issue 2, Issue 3, Issue 4, Issue 5, Issue 6, Issue 7, Issue 8, Issue 9, Issue 10, Issue 11, Issue 12