The money-power and clout of corporates distorts our governance and judiciary. The common mans fundamental rights go for a toss wherever they are in conflict with the commercial interests of companies. For a variety of reasons, the entire judicial mechanism works in favour of corporates, leaving citizens with no genuine judicial remedies. Generally, courts are against piercing the corporate veil -- a handy excuse for not entering into the many wrongdoings of a company, its subsidiaries, associates and its holding companies. If courts started doing that, many false claims being made would stand unveiled!
Posted on: Thu, 25 Dec 2014 17:29:52 +0000
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