Class Action Suit

Class Action Suit under the Companies Act, 2013: Explained!

In India, the Companies Act, 2013 provides for class action suits in case of fraud, mismanagement, or oppression by the company’s management. Members of a company, Investors, or any other person can file an application before the National Company Law Tribunal seeking relief through a class action suit. This article tries to analyse the concept of Class action suits along with the laws governing it in India. The author also sheds light on the landmark cases related to class action suits in India.