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    JINDAL POLY FILMS FACTORY

    Jindal Poly Films questions the maintainability of class action suit

    Jindal Poly Films Ltd challenges the validity of a class action suit initiated by minority shareholders before the National Company Law Tribunal, arguing it falls outside the scope of Section 245 of the Companies Act, 2013. The suit alleges losses from discounted share sales and loan write-offs, seeking Rs 2,268 crore damages.

    Jindal Poly Films’ minority shareholders move class action lawsuit against company, promoters

    Minority shareholders of Jindal Polyfilms file India's first class action lawsuit since 2016, alleging wrongful losses due to actions by promoters and directors. They claim assets worth crores were diverted. Jindal's defense calls charges fiction, citing past transactions approved by shareholders. The suit, representing 45,000 shareholders, awaits NCLT hearing on April 9.

    Positive Breakout: Jindal Poly Films and 5 other stocks cross above their 200 DMA
    Positive Breakout: Indoco Remedies and 3 other stocks cross above their 200 DMA
    Jindal India throws its hat in the ring for Future Enterprises by submitting debt resolution plan

    Jindal (India) has submitted a debt resolution plan for Future Enterprises under the Insolvency and Bankruptcy Code (IBC) process. The company will be against Reliance Retail, which has sought time till October 30 to decide if it wants to bid for Future Enterprises.

    Sheela Foam, Cosmo First, 2 other small cap stocks cross 200-Day SMA

    On September 21, several smallcap companies made headlines by crossing their 200-day SMA, signaling a potentially bullish trend.

    The Economic Times
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