Corporates

Inside India's first class action against Jindal Poly Films

Anuj Suvarna

September 24, 2025 | 7 Min Read

A legal battle that could reshape shareholder rights in India's promoter-dominated corporate landscape.

On a humid July morning in Delhi, the oak-paneled courtroom of the National Company Law Tribunal began a hearing that was unprecedented in Indian corporate history. A small group of minority shareholders, armed with forensic reports and years of financial data, had filed India's first-ever class action lawsuit against Jindal Poly Films Ltd (JPFL), a part of the $2.5 billion BC Jindal Group.

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