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ARTICLE · 20 MAY 2022

Lifting Of Corporate Veil In Execution Proceedings

S.S. Rana & Co.
S.S. Rana & Co.
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S.S. Rana & Co.

S.S. Rana & Co.

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Our legal structure regards company as a legal person having its own unique personality. This simply means that it can exercise its own legal rights and can incur legal duties.

IndiaCorporate/Commercial Law
Nihit Nagpal
Nihit Nagpal
Devika Mehra
Devika Mehra
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Our legal structure regards company as a legal person having its own unique personality. This simply means that it can exercise its own legal rights and can incur legal duties. Despite the existence of a separate legal personality, a Company acts through its human agents (i.e directors, promoters and members) who are responsible for managing the affairs of the company. Although, agents of a Company are its essence through which it acts but its personality is different from them.

Peculiarity of a Company lies in the fact that it has a legal personality of its own, separate from its human agents. One concept which separates the liabilities of the Company from its human agents is a Corporate Veil. A veil exists that separates the Company's rights, duties and liabilities from that of its human agents. The humans work on behalf of the company behind this imaginary curtain which plays an additional role in concealing the faces of its members, the benefit of which is

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