WeWork India IPO Cleared: Supreme Court Dismisses Appeal Against Bombay HC Verdict

• Supreme Court dismissed a Special Leave Petition challenging WeWork India's IPO at the admission stage.
• A bench of Justice P.S. Narasimha and Justice Alok Aradhe declined to interfere with the Bombay High Court’s judgment.
• Petitioner Hemant Kulshreshta alleged non-disclosure of promoters' criminal proceedings in offer documents.
• WeWork India argued SEBI, as the expert regulatory authority, had examined and approved the offer documents.
• Bombay HC had previously dismissed similar petitions, questioned petitioners' bona fides, and imposed costs.