https://www.taxtmi.com/caselaws?id=391291 The Court upheld the attachment of the company's properties under Section 83 Cr.P.C., ruling that the company, despite being a separate legal entity, was a shell entity used to conceal illegal activities of the accused majority shareholder. The doctrine of piercing the corporate veil was applied, allowing the attachment based on the company's role as a facade for wrongdoing. The Court dismissed the petition, emphasizing that the separate legal entity principle does not shield companies involved in illegal activities, affirming the attachment and rejecting the release application under Section 84 Cr.P.C. en-us Mon, 13 Jan 2020 00:00:00 +0530 Fri, 24 Jan 2020 12:36:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391291 The Court upheld the attachment of the company's properties under Section 83 Cr.P.C., ruling that the company, despite being a separate legal entity, was a shell entity used to conceal illegal activities of the accused majority shareholder. The doctrine of piercing the corporate veil was applied, allowing the attachment based on the company's role as a facade for wrongdoing. The Court dismissed the petition, emphasizing that the separate legal entity principle does not shield companies involved in illegal activities, affirming the attachment and rejecting the release application under Section 84 Cr.P.C. Case-Laws Companies Law Mon, 13 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391291