Best Class Action Lawyers in Dharavi
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List of the best lawyers in Dharavi, India
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India Class Action Legal Questions answered by Lawyers
Browse our 2 legal questions about Class Action in India and read the lawyer answers, or ask your own questions for free.
- Can retail depositors file a class action suit in NCLT Mumbai against an NBFC that defaulted on fixed deposits?
- Over two hundred of us invested our retirement savings into corporate fixed deposits with a financial firm in Nariman Point that has abruptly halted all interest and maturity payouts. We want to understand the minimum threshold of affected investors required under company law to approach the National Company Law Tribunal... Read more →
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Lawyer answer by JSA Advocates & Solicitors
Fixed deposit holders are financial creditors under the IBC. Under the proviso to Section 7(1) of IBC, deposit holders must file jointly, and the application needs at least 100 creditors of that class or 10% of the class (whichever is...
Read full answer - Can we file a class action against a builder for delayed flats and missing amenities in Mumbai?
- About 80 buyers in our housing project have faced repeated possession delays and many promised amenities were never delivered. The builder is offering small refunds individually but we want a collective case and compensation. Is a class action possible in India, and what documents and timeline should we expect?
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Lawyer answer by Lexim
Yes. A collective / representative action is legally maintainable in India for homebuyers facing delay in possession and deficiency in promised amenities. The appropriate forum, strategy, documents, and timeline depend on how your project is structured and what relief you...
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