Jindal Poly Films Subsidiary Dispute Update: Delhi High Court Disposes Section 9 Petition
Jindal Poly Films Limited updated on litigation involving its subsidiary JPFL Films. The Delhi High Court disposed of a Section 9 petition on November 3, 2026. Separately, an interim anti-suit injunction was granted by the Singapore High Court on November 2, 2026, regarding a petition filed by the company.
Litigation involving a material subsidiary can have financial and operational implications. While the Delhi High Court disposed of a petition, the ongoing Singapore proceedings and the preservation of documents suggest continued legal engagement that could impact the company.
The update provides information on ongoing legal proceedings without a definitive positive or negative outcome presented in the announcement itself. The disposal of one petition and the granting of an interim injunction in another indicate continued legal activity.
Jindal Poly Films Limited (JPFL) has provided an update on the ongoing litigation concerning its material subsidiary, JPFL Films Private Limited. In relation to a petition filed by Project Holdings Fourteen (DIFC) Limited (the Investor) under Section 9 of the Arbitration and Conciliation Act, 1996, before the Hon’ble High Court of Delhi, the court opined that the agreed dispute resolution mechanism offered alternative avenues for interim relief. Consequently, the Hon’ble Court disposed of the Section 9 Petition on November 3, 2026, directing parties to pursue their available rights and remedies. Both JPFL and JPFL Films undertook to preserve all relevant documents and company records.
Furthermore, in continuation of previous intimations, the Investor has filed an Originating Application (HC/OA 1179/2026) before the General Division of the High Court of the Republic of Singapore. This application seeks, among other things, anti-suit injunctive relief concerning the petition filed by JPFL before the National Company Law Tribunal, New Delhi Bench. An interim anti-suit injunction was granted on November 2, 2026, and the company received a copy of this order on November 3, 2026.
The company has confirmed that there are no applicable details regarding litigation against key management personnel or promoters, nor has there been a settlement of proceedings that would involve compensation or impact the financial position of the listed entity.
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Jindal Poly Films Limited filed this with the NSE as a statutory disclosure, categorised under litigation updates. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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