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01 Dec 2025
WeWork India has received a significant boost after the Bombay High Court upheld the Securities and Exchange Board of India's (SEBI) approval for its highly anticipated initial public offering (IPO), as reported by Bar & Bench.
A division bench comprising Justices RI Chagla and Farhan Parvez Dubash recently dismissed a plea by petitioner Vinay Bansal, which challenged WeWork India's IPO based on allegations that SEBI overlooked disclosure lapses, including the non-disclosure of pending criminal proceedings under the Prevention of Money Laundering Act (PMLA).
A full order from the court is pending, and further updates are expected in the coming days.
Disclaimer: This is a developing story, and more information will be provided as it becomes available.
