Piercing The Corporate Veil: An In-Depth Analysis Of Legal Doctrine And Case Law

Anshu Priya Patel, ICFAI Law School, The ICFAI University, Dehradun

Dr. Suneel Kumar, Assistant Professor, ICFAI University, Dehradun

ABSTRACT

This study provides an analysis of the legal theory of "piercing the corporate veil", which allows judges to ignore a company's legal behavior in certain situations. This article explores the theoretical basis, historical development, practical models, and benefits of overcoming economic barriers through a comprehensive review of legal documents and cases. This article aims to gain a deeper understanding of the fundamental changes made to this law in today's legal system and to improve our understanding of the complexity of this law through in-depth analysis of ideas about natural knowledge and education.

Keywords: lifting the corporate veil, limited liability, corporate governance, legal principle, case law, shareholder liability.