Legal Updates 21 September 2026
Delhi HC Rejects Corporate Veil, Orders Arrests in Arbitration Case
The Delhi High Court dismissed a corporate officer's claim that a hidden operational bank account was protected under asset disclosure rules, upholding arrest warrants after an arbitral award against Techno Aircon Industries was executed, emphasizing that concealment does not shield liability.
The Delhi High Court ruled that a company officer cannot hide an operational bank account behind disclosed assets. The court upheld arrest warrants after ABB India secured an arbitral award against Techno Aircon Industries.
- Key points
- - Officer attempted to conceal bank account while claiming asset transparency.
- - Court emphasized that the corporate veil offers no protection for fraudulent concealment.
- - Arrest warrants issued to enforce the arbitral award.
For full details, see the original ruling article.
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