The concept of piercing the corporate veil has always been the subject of legal discussion and analysis. One of the striking features of a corporate entity is its separate legal existence being a creature of law. The concept of piercing the corporate veil strikes at the basic feature of corporate existence and has been used across the globe to identify the persons operating and managing the corporates. Though this concept has a uniform applicability, the circumstances and situations under which the courts have used this principle differ. The principle of piercing corporate veil assumes...