Arbitral Tribunal Cannot Pierce the Corporate Veil: Madras High Court
The Madras High Court has delivered an important ruling on the limits of arbitral jurisdiction, holding that an arbitral tribunal cannot lift the corporate veil or attribute the obligations of one company to another. Justice N Anand Venkatesh delivered this ruling in the case of Sugesan Transport Vs EC Bose & Company Limited, deciding that such an exercise violates the consent-based structure under Section 7 of the Arbitration and Conciliation…
