Mit Magzter GOLD unbegrenztes Potenzial nutzen
Erhalten Sie unbegrenzten Zugriff auf über 9.000 Zeitschriften, Zeitungen und Premium-Artikel für nur
Versuchen GOLD - Frei
Lawyers keep close watch on India’s first class action lawsuit
Mint New Delhi
|October 04, 2025
marksthemoment Section 245 has become a credible legal instrument from a dormant, largely theoretical provision, said Gaurav Dayal, executive partnerat Lakshmikumaran & Sridharan Attorneys.“The outcome will cither empower minority shareholderstoclaim damages orlimit future collective shareholder litigation in India,” hesaid.
-
The case began in March 2024, when three shareholders Ankit Jain 3.06% shares), Rina Virendra Jain (0.94%), and Ruchi Jain Hanasoge (0.99%) approached the National Company Law Tribunal (NCLT), Delhi, In the last hearing on II September, the NCLT sought notes on US class action law and adjourned the matter to8 October for conclusion ofarguments. Globally, class action lawsuits are used in the US, Canada,and UK, and ina more limited way in countries like France, Germany, and Japan.
Diese Geschichte stammt aus der October 04, 2025-Ausgabe von Mint New Delhi.
Abonnieren Sie Magzter GOLD, um auf Tausende kuratierter Premium-Geschichten und über 9.000 Zeitschriften und Zeitungen zuzugreifen.
Sie sind bereits Abonnent? Anmelden
WEITERE GESCHICHTEN VON Mint New Delhi
Mint New Delhi
1st privately built PSLV near lift-off
India's first privately built polar satellite launch vehicle (PSLV) is expected to have its maiden commercial flight before the end of the financial year, marking a giant leap in the country’s ambition to foster a private space economy.
3 mins
November 26, 2025
Mint New Delhi
Export sops for tariff-hit MSMEs by next week
The government plans to announce support measures under the Export Promotion Mission as early as next week for small businesses struggling to absorb 50% US tariffs, according to Union commerce minister Piyush Goyal.
2 mins
November 26, 2025
Mint New Delhi
Sovereign Al takes off as countries try to avoid overdependence on superpowers
As China and the U.S. race to dominate artificial intelligence, countries are increasingly wary of becoming overly dependent on the superpowers for a technology that could profoundly affect their economic competitiveness and national security.
4 mins
November 26, 2025
Mint New Delhi
Sterling Biotech: Can SC ruling aid other fugitives?
The Supreme Court's decision to close all cases against the Sandesara brothers of Sterling Biotech Ltd, after they agreed to pay *5,100 crore, triggered a debate on whether other fugitives could use this ruling. Mint looks at whether Vijay Mallya and Nirav Modi can seek relief, too.
2 mins
November 26, 2025
Mint New Delhi
Rural recovery, low base to fuel Q2 GDP
Policy transmission, festival season inventory too aid growth
2 mins
November 26, 2025
Mint New Delhi
No selloff, SAIL unit to get cash infusion
The Union steel ministry is preparing to infuse more than ₹400 crore into Salem Steel Plant, the stainless-steel unit of the Steel Authority of India Ltd (SAIL), marking a sharp policy turn from its earlier intent to privatize the loss-making mill, according to two senior ministry officials.
2 mins
November 26, 2025
Mint New Delhi
KKR strengthens its play in Lighthouse
Private equity firm KKR has made a fresh round of investment in Lighthouse Learning, along with new investor PSP Investments.
1 mins
November 26, 2025
Mint New Delhi
India’s oil binge to end in Dec as sanctions bite Russia
US targeted top Russian producers Rosneft and Lukoil in recent round of sanctions. AP
1 mins
November 26, 2025
Mint New Delhi
Three public sector banks get new EDs
The government has appointed new executive directors (EDs) at Union Bank of India, Central Bank of India and Bank of India, according to regulatory disclosures on Tuesday.
1 min
November 26, 2025
Mint New Delhi
India requires a healthkeeper to secure its demographic dividend
Scaling up the use of tech to track health can provide a vital generation the preventive care it’ll need
3 mins
November 26, 2025
Listen
Translate
Change font size