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ARTICLE · 28 JUNE 2017

Between The Lines... June, 2017

Vaish Associates Advocates
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The Delhi High Court in the matter of Sudhir Gopi v. Indira Gandhi National Open University and Ors. passed an order on May 16, 2017 deciding whether the corporate veil should be lifted ...

IndiaCorporate/Commercial Law
Vaish Associates Advocates
Vaish Associates Advocates
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Highlights

  1. Delhi High Court rules on piercing the corporate veil in the matter of arbitration
  2. Bombay High Court grants ad-interim relief under Section 9 to foreign award holder; holds exclusion of Part I must be in specific words
  3. Capital Gains Tax – Exemption Still Protected
  4. Are Pharma Companies in India violating FEMA provisions?
  5. Can SEBI levy interest on a penalty retrospectively?

I. Delhi High Court rules on piercing the corporate veil in the matter of arbitration

The Delhi High Court (the "Court") in the matter of Sudhir Gopi (the "Petitioner") v. Indira Gandhi National Open University ("IGNOU") and Ors. (the "Respondent") passed an order on May 16, 2017 deciding whether the corporate veil ("veil") should be lifted in the matters of arbitration and whether in pursuance of the same, a non-signatory to the agreement can be held personally liable for the claims arising out of the agreement.

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