Class Action Lawsuits 2024 Attorneys In India. The viability of class action suits under company law in india has been a cause for much debate, ever since section 245 of the companies act, 2013 (“act”) got notified on 1st. Class action lawsuits in india have been largely restricted to public interest litigations and consumer disputes, especially disputes between homebuyers and builders.
The first two legal challenges will be crucial in establishing the legal precedent for checking corporate misbehavior. Class action provisions in india restrict lawsuits to members and depositors, excluding other stakeholders such as bond holders and debenture holders, i.e.