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Arbitrator Has No Power To Lift Corporate Veil, Says Delhi HC [Read Judgment]
Ashok KM
17 May 2017 10:40 AM IST
Arbitral Tribunal cannot bind other parties who have not agreed to arbitrate, the court said.Holding that an arbitral tribunal does not have the power to lift the corporate veil, the Delhi High Court, in Sudhir Gopi vs IGNOU, has also observed that mere failure of a corporate entity to meet its contractual obligations is no ground for piercing the corporate veil.In the instant case, a sum...
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![Arbitrator Has No Power To Lift Corporate Veil, Says Delhi HC [Read Judgment] Arbitrator Has No Power To Lift Corporate Veil, Says Delhi HC [Read Judgment]](https://www.livelaw.in/cms/wp-content/uploads/2017/02/Delhi-High-Court.jpg)