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2004 (8) TMI 386 - SC - Companies LawLifting of corporation veil - Held that:- Appeal dismissed. It is not open to the company to ask for unveiling its own cloak and examine as to who are the directors and shareholders and who are in reality controlling the affairs of the company. This is not the case of the appellant nor could it possibly be that the corporate character is employed for the purpose of committing illegality or defrauding others. It is not open to the appellant to contend that for the purpose of FERA, the American company has effaced itself and has ceased to exist but for the purpose of the Delhi Rent Control Act, it is still in existence. Therefore, it is not possible to hold that it is the American company which is still in existence and is in possession of the premises in question. On the contrary, the inescapable conclusion is that it is the Indian company which is in occupation and is carrying on business in the premises in question rendering the appellant liable for eviction.
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