India, April 13 -- For years, one of the biggest frustrations in the housing sector has been the ability of developers to raise money under a large and trusted group name, but shift legal responsibility to thinly capitalised project-specific entities when things go wrong. To the consumer, the developer is one brand, one promise, one relationship. But in court, that same developer often becomes a maze of subsidiaries, holding companies and special-purpose vehicles, each pointing to the other when the time comes to refund money, pay interest, or comply with orders. This corporate layering may be legitimate as a business tool. It helps firms manage projects, organise risk and attract investment. But it becomes deeply problematic when it is u...