Jindal Films' class action suit: NCLAT declines to stay NCLT order

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The appellate tribunal NCLAT has refused to halt a National Company Law Tribunal order. This order allows a class action lawsuit against Jindal Poly Films. Minority shareholders allege over Rs 2,500 crore was siphoned off. The NCLAT found the petition met legal requirements. Jindal Poly Films' appeal to stay the proceedings was dismissed.