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LiveMint - Companies 19d ago
Minority shareholders ask Supreme Court to revive Jindal Poly class action lawsuit
A group of 29 investors has sought the recall of the Supreme Court's arbitration order, arguing India’s first corporate class action suit was settled without hearing all shareholders represented in the case.
ALLETECJINDALPOLYJPOLYINVSTSUPREMESUPREMEINDSUPREMEINFCapital GoodsConstruction
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ET Markets - Industry 31d ago
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.
BFSIJINDALPOLYJMFINANCILJPOLYINVSTNAHARPOLYSUPREMESUPREMEINDSUPREMEINFTAKECapital GoodsConstruction