Bombay HC rejects plea to block WeWork India IPO, orders petitioner to pay ₹1 lakh penalty
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CNBC TV18•01/12/2025
Bombay HC rejects plea to block WeWork India IPO, orders petitioner to pay ₹1 lakh penalty
- •Bombay HC dismisses petitions against WeWork India IPO.
- •Petitioners must pay ₹1 lakh to Maharashtra State Legal Services Authority.
- •Petitioners cited risks of losses, negative net worth, and criminal charges.
- •SEBI: Courts shouldn't interfere unless decisions are arbitrary or unconstitutional.
- •WeWork India claims compliance with all ICDR Regulations disclosure requirements.
Why it matters: This decision clears the way for WeWork India's IPO, impacting potential investors.
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