 "Bombay High Court")
A recent Bombay High Court ruling upholding market regulator Securities and Exchange Board of India’s (Sebi’s) nod for the initial public offering (IPO) of WeWork India Management has brought to focus the misuse of petitions that often lead to vexatious legal challenges.
A slew of initial public offering (IPO)-bound companies this year have got into legal trouble during the launch of their share sale.
In July, an NGO moved the Securities Appellate Tribunal (SAT) seeking to restrain the IPO of Smartworks Coworking. The tribunal dismissed the plea, observing that no valid ground had been made to stall the issue.
BlueStone
