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Class Action Lawsuits Make a Beginning after 11 Years, but Significant Reforms Still Needed

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?

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Supreme Court Dismisses DB Corp's Plea against NCLAT Order in Aakriti Group Matter

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.

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Aquacity Homebuyers and MP-RERA Get Landmark Order against Aakriti Group and DB Corp

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).

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Bhopal: NCLAT Allows Corporate Debtor's Appeal Against RERA Order

Bhopal: NCLAT Allows Corporate Debtor's Appeal Against RERA Order
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