Piercing the Corporate Veil II

3 Judges in Balwant Rai Saluja implicitly questioned the grounds on which the SC had previously lifted the corporate veil and correctly held that the law on the point has in recent times crystallized around the six requirements set out by Munby J. in Ben Hashem (approved by Lord Sumption in Prest v. Petrodel Resources). 2 Judges in […]

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Section 26 of the Competition Act

Section 26 of the Competition Act, 2002 (“Act”) prescribes the “procedure for inquiry of complaints under Section 19”. If the Competition Commission of India (“CCI”) on receipt of information received under Section 19 is of the opinion that there exists a prima facie case, it must direct the Director General (“DG”) to investigate. The DG, on receipt of […]

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