Jindal Poly Films’ minority shareholders move class action lawsuit against company, promoters
Minority shareholders of Jindal Polyfilms file India's first class action lawsuit since 2016, alleging wrongful losses due to actions by promoters and directors. They claim assets worth crores were diverted. Jindal's defense calls charges fiction, citing past transactions approved by shareholders. The suit, representing 45,000 shareholders, awaits NCLT hearing on April 9.
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