Supreme Court Sets Aside NCLT Order in Jindal Poly Films Litigation; Dispute Referred to Sole Arbitrator
Jindal Poly Films Limited has announced a significant development regarding ongoing litigation as the Hon'ble Supreme Court of India set aside previous rulings from the National Company Law Tribunal (NCLT) and the National Company Law Appellate Tribunal (NCAT). The matter, involving Monet Securities Pvt. Ltd. and others, has been referred to a sole arbitrator appointed by the Supreme Court of India.The communication received from the Hon'ble Supreme Court of India on June 08, 2026 confirmed that the Supreme Court had set aside the order dated February 05, 2026, issued by the NCLT and the Impugned Order dated February 26, 2026, from the National Company Law Appellate Tribunal concerning the maintainability of the dispute before the NCLT.
The disputes are now being handled by a sole arbitrator appointed by the Hon'ble Supreme Court of India. The company stated that it will take appropriate steps regarding this development.
Details pertaining to the litigation and the communication received from the Hon'ble Supreme Court are as follows:
| Particulars | Details |
|---|---|
| Opposing Party | Monet Securities Pvt. Ltd. and others |
| Date of Communication | June 08, 2026 |
| Action by Supreme Court | Set aside NCLT order (dated 05.02.2026) and NCAT Impugned Order (dated 26.02.2026). |
| Current Status of Dispute | Referred to a sole arbitrator appointed by the Hon'ble Supreme Court of India. |
| Financial Implications | No financial implications can be ascertained at this stage as the matter is under sub-judice. |
Jindal Poly Films Limited confirmed that there were no instances of aberrations or non-compliance identified by the authority in the communication received. The company indicated that there are no details regarding penalties or restrictions imposed pursuant to the Supreme Court's order.
JINDALPOLY Stock Price Movement
As of 12:26 PM, Jindal Poly Films Limited shares rally to ₹663.00 in live trading, gaining 3.92% this session after rising ₹25.00. The equity trades within a narrow intraday range, holding between a low of ₹637.55 and a high of ₹664.2 on a volume of 25,230 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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