# SC sends shareholder class action to arbitration in 3 paragraphs 2026-08-13T17:02:47+00:00 | Governance | Indian Opinion Desk Corroboration: 1 independent outlet The Supreme Court on June 8, 2026, referred a major shareholder class action against Jindal Poly Films to arbitration, quashing two tribunal rulings that had developed the most detailed reading yet of Section 245 of the Companies Act. The suit, filed by shareholders holding under 5% stock on behalf of about 40,000 investors, alleged promoter-linked entities acquired preference shares at below fair value, causing losses estimated above Rs 2,500 crore. Bar and Bench reports the court's three-paragraph consent order overlooked whether a class action binding an undefined group is arbitrable under Indian law. The tribunal had held Section 245 protects the company itself and can unwind concluded transactions. The consent order set aside 90 pages of reasoning without addressing the subject matter arbitrability question or providing a safeguard for the absent class members. ## Coverage - barandbench.com Tags: arbitration, class action, Companies Act, Jindal Poly Films, shareholder rights, Supreme Court Canonical: https://indianopinion.org/sc-sends-shareholder-class-action-to-arbitration-in-3-paragraphs/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/sc-sends-shareholder-class-action-to-arbitration-in-3-paragraphs/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.