NCLAT Allows Class Action Claims for Past Acts Under Companies Act

Jindal Poly Films Limited Vs Ankit Jain & Ors (NCLAT Delhi) The National Company Law Appellate Tribunal (NCLAT), Delhi, dismissed an appeal challenging an order of the National Company Law Tribunal (NCLT) that had admitted a class action petition under Section 245 of the Companies Act, 2013 and directed issuance of public notice to shareholders under Rule 87 of the NCLT Rules, 2016. The appeal arose from objections raised by a listed company against the maintainability of a petition filed by shareholders collectively holding 4.99% of its share capital. Read SC Judgment in this case: SC Re...