https://www.taxtmi.com/caselaws?id=457696 Delhi HC set aside an arbitral award that held a non-signatory party liable by piercing the corporate veil. The court ruled that arbitrators lack jurisdiction to lift corporate veils as their authority is limited to parties who consented to arbitration. While courts possess power to pierce corporate veils in appropriate cases, arbitral tribunals cannot extend proceedings to include non-consenting parties outside the arbitration agreement's scope. The petition was allowed and the award was set aside regarding the petitioner's liability. en-us Tue, 16 May 2017 00:00:00 +0530 Wed, 25 Sep 2024 23:06:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457696 Delhi HC set aside an arbitral award that held a non-signatory party liable by piercing the corporate veil. The court ruled that arbitrators lack jurisdiction to lift corporate veils as their authority is limited to parties who consented to arbitration. While courts possess power to pierce corporate veils in appropriate cases, arbitral tribunals cannot extend proceedings to include non-consenting parties outside the arbitration agreement's scope. The petition was allowed and the award was set aside regarding the petitioner's liability. Case-Laws Indian Laws Tue, 16 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457696