In what appeared to be a landmark move, India introduced class action lawsuit through Section 245 of the Companies Act of 2013; but it has remained a purely theoretical concept for 11 long years. Are things beginning to change?
Class-action suits come to Indian markets, finally moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.
Last month, minority shareholders of Jindal Poly Films, led by Ankit Jain, filed India’s first class action lawsuit since the regulations were established in 2016. The company court will take up the case on 9 May.