Shareholders of Jindal Poly Films approach the Supreme Court to revive a corporate class-action case that was previously disposed of. They challenge an earlier Supreme Court decision that set aside orders of the National Company Law Tribunal (NCLT) and the National Company Law Appellate Tribunal (NCLAT). The shareholders contend that the class-action matter, which had been concluded through a consent arrangement and through the appointment of Justice Manindra Mohan Shrivastava as sole arbitrator, should be restored for further consideration. The reports state that the earlier Supreme Court ruling impacted the tribunals’ orders that had dealt with the class action. The shareholders’ application seeks to undo that outcome and restart the proceedings in some form, although specific relief sought and procedural next steps are not detailed in the provided excerpts. The dispute centers on whether the corporate class action should proceed after the Supreme Court’s intervention, given that the case was previously disposed of by consent and arbitration. The Supreme Court’s current decision on the shareholders’ plea is not covered in the supplied information.
Jindal Poly Films shareholders seek Supreme Court revival of class-action suit
Shareholders of Jindal Poly Films approach the Supreme Court to revive a corporate class-action case that was previously disposed of. They challenge an earlier Supreme Court decision that set aside or...
- Jindal Poly Films shareholders file an application in the Supreme Court to revive a corporate class-action suit.
- The shareholders’ grievance follows an earlier Supreme Court judgment that sets aside NCLT and NCLAT orders.
- The class-action suit was previously disposed of with consent.
- Justice Manindra Mohan Shrivastava was appointed as sole arbitrator in the earlier consent arrangement.
- The sources indicate the dispute concerns whether the class-action proceedings should be restored after the Supreme Court ruling.
Shareholders raised concern over the Supreme Court judgment setting aside the NCLT and NCLAT orders, disposing of the corporate class action suit with consent and appointing Justice Manindra Mohan Shrivastava as sole arbitrator
15 hours agoShareholders raised concern over the Supreme Court judgment setting aside the NCLT and NCLAT orders, disposing of the corporate class action suit with consent and appointing Justice Manindra Mohan Shrivastava as sole arbitrator
15 hours ago
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