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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? ....
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.
I-Sec minority shareholders seek Sebi exemption letter from ICICI Bank financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
Over 100 shareholders of ICICI Securities submitted a class action lawsuit to the National Company Law Tribunal last month, challenging ICICI Bank Ltd s bid to delist ICICI Securities. ....
For one, ICICI Securities did not offer its minority shareholders a chance to participate in a price discovery process or allow them an option to stay invested in the company even after the proposed delisting ....