https://www.taxtmi.com/caselaws?id=111678 The court dismissed the writ petition, upholding the Railway Board's decision to ban business dealings with the petitioner company. The court found that the petitioner company was a sister concern of the Vijayawada firm and that the ban was justified due to the fraudulent activities of the Vijayawada firm. The court applied the principle of lifting the corporate veil to hold the petitioner company accountable and dismissed arguments related to natural justice and delay. The petition was dismissed with exemplary costs of Rs. 10,000. en-us Fri, 15 Sep 2006 00:00:00 +0530 Tue, 24 Apr 2012 16:48:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111678 The court dismissed the writ petition, upholding the Railway Board's decision to ban business dealings with the petitioner company. The court found that the petitioner company was a sister concern of the Vijayawada firm and that the ban was justified due to the fraudulent activities of the Vijayawada firm. The court applied the principle of lifting the corporate veil to hold the petitioner company accountable and dismissed arguments related to natural justice and delay. The petition was dismissed with exemplary costs of Rs. 10,000. Case-Laws Companies Law Fri, 15 Sep 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111678