https://www.taxtmi.com/caselaws?id=100058 Corporate personality may be disregarded where incorporation is used as a device, cloak, or sham to perpetrate fraud or defeat legitimate claims, and an adverse inference may follow when material facts lie within a defendant's special knowledge but are withheld. On the materials discussed, incomplete disclosure of shareholding, capital structure, control, and the source of funds supported a prima facie view that the entities were being used to hold properties and keep them beyond the plaintiff's reach. The text also notes that attachment before judgment and ad interim restraint may be warranted to preserve disputed properties and prevent alienation pending trial. en-us Thu, 19 Feb 1981 00:00:00 +0530 Tue, 31 Jan 2012 11:09:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=100058 Corporate personality may be disregarded where incorporation is used as a device, cloak, or sham to perpetrate fraud or defeat legitimate claims, and an adverse inference may follow when material facts lie within a defendant's special knowledge but are withheld. On the materials discussed, incomplete disclosure of shareholding, capital structure, control, and the source of funds supported a prima facie view that the entities were being used to hold properties and keep them beyond the plaintiff's reach. The text also notes that attachment before judgment and ad interim restraint may be warranted to preserve disputed properties and prevent alienation pending trial. Case-Laws Companies Law Thu, 19 Feb 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=100058