The lawsuit testing India's corporate class-action law just survived its first major test

When the National Company Law Appellate Tribunal dismissed Jindal Poly Films' appeal in late February 2026, it marked an unusual milestone: India's first class-action lawsuit under Section 245 had survived challenges at two levels of the company law judiciary.

The procedural victory was significant enough. But buried in the NCLT's 61-page order from earlier that month was something more consequential—a frontal rejection of American corporate law precedent and an explicit assertion that Indian courts must interpret Indian statutes "on their own lines," suited to "the conditions of our society."