STEPHEN MAHENDEKA MGANGA VS BEST WAY CAPITAL MGT LTD MISC
The application fails because the applicant did not provide cogent evidence of fraud, sham, alter ego, concealment, or evasion by the respondent company or its directors, nor did he implead the directors or shareholders against whom personal liability is sought. Lifting the corporate veil is an exception, not the rule, and requires substantiated grounds.
Source excerpt
- Lifting corporate veil
- Execution of decree
- Limited liability
- Personal liability of directors