India, March 11 -- On April 8, the Supreme Court will hear the Golden Forests (India) Limited (GFIL) fraud case, armed with an amicus curiae report that may finally deliver justice to around 1.47 million investors defrauded by the company.
It's taken at least 20 years, and sittings by a dozen Supreme Court benches to reach this stage. And while the amount involved may seem relatively modest by today's standards - a total of around Rs.1,000 crore - and there was a partial resolution for around 955,000 investors in 2018, the prolonged litigation underscores the challenges faced by the judiciary in handling large-scale financial disputes involving thousands of claimants, the complexities of asset liquidation and the lack of domain expertise...
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