Class action suits – genesis, analysis and comparison

Majumdar, Arjya B. and Bhawnani, Sneha (2016) Class action suits – genesis, analysis and comparison. [Working papers (or Preprints)] (In Press)

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The concept of a class action suit emerged in United States of America in the early 18th century. This course of litigation grew in popularity with an increasing number of claimants seeking restitution and often retribution under Rule 23 of the United States Federal Rules of the Civil Procedure for sundry claims ranging from corporate fraud to air flights delay.
In the aftermath of the collapse of Satyam Computer Services Limited, Clause 217, providing the right of members or creditors to file an application before the NCLT on behalf of the all members/creditors in the event that the management of the company was being conducted in a manner prejudicial to the interests of the company or its members or creditors, assumed greater importance as a redressal mechanism separate from the traditional oppression and mismanagement application. This provision was enacted as Section 245 of the Companies Act, 2013.

Item Type: Working papers (or Preprints)
Keywords: Class Action Suit | Derivative Action | Minority Shareholders | Corporate Governance
Subjects: Social Sciences and humanities > Business, Management and Accounting > Business and International Management
Social Sciences and humanities > Social Sciences > Law and Legal Studies
JGU School/Centre: Jindal Global Law School
Depositing User: Arjun Dinesh
Date Deposited: 15 May 2022 16:30
Last Modified: 15 May 2022 16:30
Official URL:


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