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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?
While refusing to interfere in the 9 December 2023 order passed by the national company law appellate tribunal (NCLAT), the Supreme Court dismissed an appeal filed by DB Corp (Dainik Bhaskar group), one of the largest newspapers in MP.
In a landmark ruling, the Telecom Disputes Settlement and Appellate Tribunal (TDSA) has directed Tamil Nadu Arasu Cable TV Corp (TACTV) to pay Rs 138.75 cr to Sony Pictures Networks India (SPNI) for underreporting the subscriber base as revealed in the DAS audit, leading to financial loss to the broadcaster.