Jindal Poly Films faces class action suit alleging fund mismanagement and Rs 2,000 crore losses
The Jindal Poly Films stock fell into negative territory after the news. It was trading at Rs 538, down 2.07% around 2 pm.
Source: moneycontrol.com
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NCLT defers Jindal Poly Films case over fraud allegations in class action suit
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.
Source: livemint.com