Legal8 May 2026, 02:50 pm
Jindal Poly Films: NCLT Allows Shareholder Substitution
AI Summary
The Hon’ble National Company Law Tribunal (NCLT), Principal Bench, New Delhi, allowed the substitution of a new shareholder as the lead applicant in a petition filed by minority shareholders of Jindal Poly Films Limited. This decision was made during a hearing on May 7, 2026. M/s Monet Securities Pvt Ltd will replace the original lead applicant. The company has not yet received a copy of the order and states that this substitution does not impact the merits of the case. Jindal Poly Films is currently reviewing the directions and will take appropriate steps.
Key Highlights
- NCLT allows substitution of new shareholder as lead applicant in ongoing case.
- M/s Monet Securities Pvt Ltd to replace the original lead applicant.
- Jindal Poly Films is yet to receive the official order copy.
- The company states the substitution does not impact the case merits.
- Jindal Poly Films is examining the directions and will take appropriate steps.
Price Impact
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