Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Jindal Poly Films dispute, India's first class action suit, sent by Supreme Court to arbitration
The Supreme Court has sent a minority shareholder dispute involving Jindal Poly Films to arbitration. This decision overturns earlier orders from the National Company Law Tribunal and Appellate Tribunal. The case concerns allegations of asset stripping and financial losses to shareholders. The arbitration will take place in Delhi.
Q4 Results Today: Patanjali Foods, Easy Trip Planners, Gujarat Gas, Among Over 600 Firms To Declare Earnings
Jupiter Wagons, Titagarh Rail Systems, Som Distilleries & Breweries and Jindal Poly Films will also declare Q4FY26 results on May 30.
Jindal Poly Films Says NCLT Order On Petitioner Change Does Not Affect Case Merits
The tribunal had directed Jindal Poly Films to file a detailed affidavit containing the names and particulars of shareholders who had sold their shares.
NCLT Approves Monet Securities As Substitute Petitioner In Jindal Poly Class Action Case
The NCLT allowed Monet Securities to continue India's first public shareholder class action suit against Jindal Poly Films Ltd.
India’s first class action suit teeters as lead shareholder exits Jindal Poly Films case
Ankit Jain’s withdrawal after selling his stake forces the NCLT to decide if a new petitioner can step in to rescue the landmark ₹2,500-crore siphoning case.
Jindal Poly among 4 stocks that hit 52-week highs & rallied up to 95% in a month
The Sensex surged 568 points to close at 76,070 on Tuesday, driving a broader market rally. Four BSE 1000 stocks—Jindal Poly Films, Acutaas Chemicals, Vardhman Textiles and Ipca Laboratories—hit 52-week highs, signaling bullish momentum and potential gains ahead.
Jindal Films' class action suit: NCLAT declines to stay NCLT order
The appellate tribunal NCLAT has refused to halt a National Company Law Tribunal order. This order allows a class action lawsuit against Jindal Poly Films. Minority shareholders allege over Rs 2,500 crore was siphoned off. The NCLAT found the petition met legal requirements. Jindal Poly Films' appeal to stay the proceedings was dismissed.
NCLAT dismisses Jindal Poly Films’ plea challenging class action lawsuit
NCLAT dismissed Jindal Poly Films' plea, allowing a class action suit by minority shareholders alleging fund siphoning to promoter-linked entities, causing a ₹2,000 crore loss. Investments were written off and shares sold cheaply after sector recovery.
NCLAT refuses to stay India’s first corporate class action against Jindal Poly Films
The appellate tribunal's decision will allow NCLT proceedings to continue in minority shareholders’ ₹2,500-crore siphoning allegations case, marking a key test of India’s class action framework.
Stocks to Watch Today: Info Edge, KEC International, RITES, NHPC, NTPC, NPST, Poonawalla Fincorp, Uflex, Delhivery, Redtape in focus on 09 April
Stocks to Watch, 09 Apr: Stocks like Info Edge India, KEC International, Lupin, RITES, NHPC, NTPC, Redtape, Bosch, Poonawalla Fincorp, Delhivery, Jindal Poly Films, Uflex, ITC Hotels, and Steel Authority of India will be in focus on April 9.