LANDMARK CASE
Life Insurance Corporation v. Escorts
(1986) 1 SCC 264 · Supreme Court of India · Corporate law
At a glance
- Citation: (1986) 1 SCC 264
- Court: Supreme Court of India
- Area of law: Corporate law
- In one line: Only in specific cases such as fraud or where a statute requires it.
1 Facts
LIC sought to change Escorts' board after foreign investors bought shares.
2 Issue
When can the corporate veil be lifted?
3 What the court decided
Only in specific cases such as fraud or where a statute requires it.
4 Why it matters
A leading Indian case on lifting the veil.
5 Think about it
When should courts look behind the company?
6 Analyse it yourself
Read the full judgment from an official source or a law database, then brief it in seven steps: facts, issues, arguments, decision, ratio, obiter and significance. Always check the citation before you rely on it.
7 More cases on Corporate law
- Delhi Development Authority v. Skipper Construction (1996) 4 SCC 622
- Salomon v. A. Salomon and Co. Ltd. [1897] AC 22
- Tata Sons v. Cyrus Investments (2021) 9 SCC 449
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