India’s first class action suit teeters as lead shareholder exits Jindal Poly Films case

India’s first class action lawsuit hits unexpected snag: India’s leading minority shareholder Ankit Jain ₹2,500 crore siphoning case filed against Jindal Poly Films wants to withdraw from the case. Jain, who earlier represented a 4.99% minority stake along with other petitioners, has now moved to exit the landmark legal battle after selling his shares in the company.