The Principal Bench of the National Company Law Tribunal (NCLT) has issued a notice regarding an intervention application by the Securities and Exchange Board of India (SEBI) in an ongoing class action lawsuit against Jindal Poly Films Limited. This action arises under Section 245 of the Companies Act, 2013, which allows shareholders to initiate proceedings against a company for alleged mismanagement. SEBI's application aims to present findings related to alleged financial irregularities and violations of securities laws by Jindal Poly Films. During the hearing, it was revealed that Ankit Jain, the lead minority shareholder with a 4.99% stake, has sold his shares and intends to exit the lawsuit. Following this sale, the new purchaser of the shares has sought to substitute Jain in the ongoing litigation. Additionally, another minority shareholder has filed an application to intervene in the class action. The Tribunal is set to hear the class action suit and the pending applications next on April 30, 2026.