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NCLAT backs class action suit against Jindal Poly Films
Hindustan Times Rajasthan
|February 27, 2026
The National Company Law Appellate Tribunal (NCLAT) on Thursday upheld the admission of a class action petition against Jindal Poly Films filed by minority shareholders.
A bench comprising judicial member Justice Yogesh Khanna and technical member Ajai Das Mehrotra dismissed the company’s appeal under Section 245 of the Companies Act, 2013.
The appeal challenged a February 5 NCLT order admitting the plea of shareholders holding 4.99% of the company’s share capital and directing issuance of a public notice to ali shareholders.
The minority shareholders had alleged that certain transactions between 2019 and 2022 involving promoter group entities were grossly undervalued and structured to avoid regulatory scrutiny and shareholder approval under Sebi regulations.
This story is from the February 27, 2026 edition of Hindustan Times Rajasthan.
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