https://www.taxtmi.com/caselaws?id=391291 In proceedings under Sections 82 to 84 of the Code of Criminal Procedure, 1973, the Delhi HC held that the corporate veil could be lifted where a company was shown to be a shell entity controlled by the absconding accused and used to hold properties without genuine business activity. The Court applied the narrow doctrine of piercing the corporate veil to prevent misuse of the corporate form and permitted attachment of property standing in the company's name. It also found no legal infirmity in the rejection of the petitioner's objection under Section 84. The challenge to the attachment therefore failed, and the company's property could be proceeded against under the proclamation and attachment provisions. 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 In proceedings under Sections 82 to 84 of the Code of Criminal Procedure, 1973, the Delhi HC held that the corporate veil could be lifted where a company was shown to be a shell entity controlled by the absconding accused and used to hold properties without genuine business activity. The Court applied the narrow doctrine of piercing the corporate veil to prevent misuse of the corporate form and permitted attachment of property standing in the company's name. It also found no legal infirmity in the rejection of the petitioner's objection under Section 84. The challenge to the attachment therefore failed, and the company's property could be proceeded against under the proclamation and attachment provisions. Case-Laws Companies Law Mon, 13 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391291