WeWork India's IPO faced a withdrawn writ petition from Rishab Agarwal, following earlier dismissals of similar challenges. The Bombay High Court granted Agarwal's request to withdraw the case, which alleged incomplete disclosure of regulatory complaints. This marks the resolution of the latest legal challenge against the company's IPO disclosures.

Bombay High Court disposes plea against WeWork India IPO after petitioner withdraws case

WeWork India's IPO Clears Latest Legal Hurdle

WeWork India has successfully navigated its latest legal challenge, as a writ petition filed by Rishab Agarwal was withdrawn following earlier dismissals of similar challenges.

Background

WeWork India's Initial Public Offering (IPO) was subject to a writ petition filed by Rishab Agarwal, alleging incomplete disclosure of regulatory complaints.
The Bombay High Court dismissed earlier writ petitions, upholding the adequacy and integrity of the company's disclosures under securities regulations.

Withdrawal of Writ Petition

The Bombay High Court granted Rishab Agarwal's request to withdraw the case, marking the resolution of the latest legal challenge against the company's IPO disclosures.

According to the company's regulatory filing, the petition was served on October 15, 2025, after a substantial period of time had lapsed since the completion of the IPO.

Pattern of Orchestrated Legal Harassment

The company's filing alleged a pattern of orchestrated legal harassment designed to create uncertainty around the company's business.

The sequential timing and coordinated nature of the three petitions filed by Vinay Bansal, Hemant Kulshrestha, and Rishab Agarwal reveal a coordinated effort to challenge the company's IPO disclosures.

Court Ruling

The division bench of Justice RI Chagla and Justice Advait Sethna disposed of the writ petition, as the petitioner had withdrawn the petition.

In its order, the court said that the advocate for the petitioner had sought leave to withdraw the writ petition, and accordingly, leave was granted.

Previous Ruling

The company's filing mentioned a previous ruling by the court, which dismissed the petitions filed by Vinay Bansal and Hemant Kulshrestha.

The court imposed costs of Rs. 1 lakh on one petitioner and made significant findings regarding suppression of material facts and conduct that 'cast some doubts on the bona fides of the petitioners'.

WeWork India's Compliance with SEBI ICDR Regulations Validated

The company's compliance with SEBI ICDR Regulations was validated by the court's previous ruling, which had already conclusively validated the company's compliance.