https://www.taxtmi.com/caselaws?id=290668 The Court held that the claim petitioner's attempt to separate itself from the judgment debtor through the corporate veil was not valid. Due to common directors and intertwined business activities, the claim petitioner's property was deemed liable for attachment to satisfy the decree debt. The Court set aside the order lifting the attachment, allowed the appeal, and restored the attachment of the property for execution of the decree. The claim petition was dismissed, emphasizing the legal permissibility of lifting the corporate veil to ensure justice and prevent misuse of corporate structures. en-us Thu, 21 Nov 2019 00:00:00 +0530 Wed, 28 Oct 2020 17:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290668 The Court held that the claim petitioner's attempt to separate itself from the judgment debtor through the corporate veil was not valid. Due to common directors and intertwined business activities, the claim petitioner's property was deemed liable for attachment to satisfy the decree debt. The Court set aside the order lifting the attachment, allowed the appeal, and restored the attachment of the property for execution of the decree. The claim petition was dismissed, emphasizing the legal permissibility of lifting the corporate veil to ensure justice and prevent misuse of corporate structures. Case-Laws Companies Law Thu, 21 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290668