Shareholders' Class Action Against MNC

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XYZ Inc, an MNC with Indian operations, is facing allegations of misrepresenting its financial status to its shareholders. This led to a significant drop in the company's stock prices. A class action lawsuit has been filed by some shareholders against the company under Section 211 of the Companies Act, 2013. The complaint claims that the company issued a financial statement that did not reflect its true financial condition and misled the investors. The court needs to decide on the legal remedy for the shareholders who have suffered losses due to this alleged misrepresentation. What legal remedy can the court apply in this case under Indian law?

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