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The theory of lifting the veil of corporate personality was evolved in -
Question

The theory of lifting the veil of corporate personality was evolved in -

A.

Merry v. Green

B.

Solomon v. Solomon

C.

In re-cohen

D.

Ancona v. Rosers

Correct option is B


The concept of lifting the corporate veil, which allows Courts to look beyond the separate legal entity of a corporation, was first developed in Solomon v. Solomon.
Information Booster
This case established that a company is a separate legal entity from its shareholders, but Courts may lift this veil in cases of fraud or injustice.
Additional Knowledge
· Merry v. Green: A lesser-known case on corporate law.
· In re-cohen: Related to bankruptcy law.
· Ancona v. Rosers: Not directly related to the corporate veil.

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