Minority shareholders of Jindal Poly (India) are alleging that a series of transactions linked to arbitration is designed to undermine a proposed class action. According to an NDTV report, the shareholders have sent a letter claiming there was no consultation with the broader group of roughly 40,000 shareholders and that actions taken by Jindal Poly’s management include stake acquisition, substitution, and later consent to arbitration. The letter argues that the timing and sequence of these steps show “hallmarks of a pre-arranged strategy” to defeat the class action. The allegation focuses on whether the relevant decisions were conducted in a way that excluded other shareholders from the process and whether the arbitration consent effectively changes who can bring or sustain claims on behalf of the shareholder group. The report presents the shareholders’ claims without detailing the company’s response or confirming the legal merits of the allegation. It indicates a dispute over procedure and consent in relation to arbitration and the status of the class action, with the minority shareholders asking for clarification of how the arbitration position was reached.