The Special Bench of the National Company Law Tribunal (NCLT) has adjourned the class action suit against Jindal Poly Films Limited (JPFL) to the Principal Bench, with the next hearing scheduled for May 7, 2026. This case arises under Section 245 of the Companies Act, 2013, which permits shareholders to initiate class action proceedings for alleged mismanagement. During the hearing, it was noted that 45 minority shareholders have filed intervention applications to join the proceedings. The Securities and Exchange Board of India (Sebi) has also submitted its findings on alleged financial irregularities and violations of securities laws by JPFL. Notably, the lead minority shareholder, Ankit Jain, who held nearly 4.99% of the company's shares, has sold his stake and is seeking to exit the suit. The purchaser of his shares has approached the tribunal to substitute in place of the original petitioners, indicating a shift in the ongoing litigation dynamics.