
Legal9 Jun 2026, 12:20 pm
Jindal Poly Films: Supreme Court sets aside NCLT/NCLAT orders
AI Summary
Jindal Poly Films Limited announced that the Hon'ble Supreme Court of India, by its order dated June 8, 2026, has set aside the previous orders from the Hon'ble National Company Law Tribunal (NCLT) and the Hon'ble National Company Law Appellate Tribunal (NCLAT) concerning the maintainability of disputes before NCLT. The Supreme Court has further referred these disputes to a sole arbitrator appointed by the court. The company stated that the matter is currently sub-judice, and no financial implications can be ascertained at this stage. Jindal Poly Films will take appropriate steps in response to this development.
Key Highlights
- Supreme Court set aside NCLT and NCLAT orders.
- Disputes referred to a sole arbitrator appointed by the Supreme Court.
- No financial implications can be ascertained currently.
- Company will take appropriate steps.
Price Impact
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