Vedanta And Beyond: Piercing The Veil For Holding Parent Company Liable For Environmental Harm

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Jyoti Rathi, Symbiosis Law School

ABSTRACT

This paper explores the liability of parent companies for environmental harm in India done by its subsidiaries making reference to the Vedanta Sterlite case. It highlights major gap in Indian law where the liability shifts solely on the subsidiaries where the parent companies escape the liabilities by making a reliance on the doctrine of Separate Legal Personality leaving people undercompensated. It shows how Indian courts narrowly apply the rule of veil piercing using both doctrinal and comparative analysis. The paper recommends some reforms, such as recognition of parent liability, imposing ESG and due diligence duties to promote environmental justice and deliver fair compensation.

Keywords: Parent Company Liability, Environmental Justice, Vedanta Sterlite, Veil Piercing, Corporate Accountability.

VEDANTA AND BEYOND- PIERCING THE VEIL FOR HOLDING PARENT COMPANY LIABLE FOR ENVIRONMENTAL .

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