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Corporate Veil Piercing Vis-A-Vis Reverse Corporate Veil Piercing




Purva Mandale, Symbiosis Law School, Pune

ABSTRACT

A company is a legal entity, separate from its members. There exists a fictional veil which can be lifted in exceptional circumstances to hold members, shareholders, and promoters liable for the company's actions. Reverse corporate veil piercing, an antithesis to corporate veil piercing, occurs when creditors attempt to hold the company liable for shareholders' debts. While this doctrine has been applied in certain cases and aims to hold the wrongdoers accountable, it still lacks statutory recognition. This article aims to compare the doctrines and discuss their application in India.

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Indian Journal of Law and Legal Research

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Abbreviation: IJLLR

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ISSN: 2582-8878

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Website: www.ijllr.com

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Accessibility: Open Access

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License: Creative Commons 4.0

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Submit Manuscript: Click here

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Licensing: ​

 

All research articles published in The Indian Journal of Law and Legal Research are fully open access. i.e. immediately freely available to read, download and share. Articles are published under the terms of a Creative Commons license which permits use, distribution and reproduction in any medium, provided the original work is properly cited.

 

Disclaimer:

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The opinions expressed in this publication are those of the authors. They do not purport to reflect the opinions or views of the IJLLR or its members. The designations employed in this publication and the presentation of material therein do not imply the expression of any opinion whatsoever on the part of the IJLLR.

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