https://www.taxtmi.com/caselaws?id=293916 A corporate veil in admiralty matters may be pierced only where fraud or sham formation is specifically pleaded with particulars and supported by material sufficient to sustain the allegation at trial; mere common ownership, common address, similar management, or board resolutions is insufficient, and the sister-ship claim failed. A plaint seeking arrest and continued security must also contain the requisite particulars of dishonesty, and later material cannot cure a foundational pleading defect; the plaintiff's failure to pursue its arbitration undertaking further undermined the claim. The motion succeeded, security was ordered to be returned, and costs were awarded against the plaintiff. en-us Fri, 21 Feb 2014 00:00:00 +0530 Tue, 09 Mar 2021 08:45:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293916 A corporate veil in admiralty matters may be pierced only where fraud or sham formation is specifically pleaded with particulars and supported by material sufficient to sustain the allegation at trial; mere common ownership, common address, similar management, or board resolutions is insufficient, and the sister-ship claim failed. A plaint seeking arrest and continued security must also contain the requisite particulars of dishonesty, and later material cannot cure a foundational pleading defect; the plaintiff's failure to pursue its arbitration undertaking further undermined the claim. The motion succeeded, security was ordered to be returned, and costs were awarded against the plaintiff. Case-Laws Indian Laws Fri, 21 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293916