Corporate Veil Can Be Lifted if Associated Companies Are Inextricably Connected: SC Restores Resolution Plans for Stalled Projects

The Supreme Court of India has set aside a judgment of the National Company Law Appellate Tribunal (NCLAT) and restored the resolution plans for stalled real estate projects of Earth Infrastructures Limited (EIL). In a significant ruling, the Court applied the doctrine of “piercing the corporate veil” to hold that the assets of subsidiary companies

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