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Lawyers keep close eye on first class action lawsuit
Mint Hyderabad
|October 04, 2025
Law firms are closely watching the case of minority shareholders of Jindal Poly Films against promoters Shyam Sunder Jindal and Subhadra Jindal over an alleged “siphoning of assets” of more than ₹2,500 crore—the first corporate class action suit in India under a provision of the Companies Act that has never been used before.
Shyam and Subhadra Jindal are trustees of Shyam Sunder Jindal (SSJ) Trust, a promoter group trust linked to BC Jindal Group, a films-to-power group. Besides Jindal Polyfilms, the group has several companies such Jindal Poly Investment, Jindal Powertech, Jindal Thermal, Concaten
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