In what appeared to be a landmark move, India introduced class action lawsuit through Section 245 of the Companies Act of 2013; but it has remained a purely theoretical concept for 11 long years. Are things beginning to change?
While refusing to interfere in the 9 December 2023 order passed by the national company law appellate tribunal (NCLAT), the Supreme Court dismissed an appeal filed by DB Corp (Dainik Bhaskar group), one of the largest newspapers in MP.
On 9 December 2023, the National Company Law Appellate Tribunal (NCLAT) delivered a landmark order in favour of Aquacity Consumer and Social Welfare Society, which represents a group of home buyers, and the Madhya Pradesh Real Estate Regualtory Authority (MP-RERA).
Bhopal: NCLAT Allows Corporate Debtor's Appeal Against RERA Order freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.