Bombay HC Reserves Order On Plea Challenging WeWork India IPO

The Bombay High Court has reserved its order on a petition challenging SEBI's approval of WeWork India’s proposed IPO. The petitioner alleges regulatory lapses, inadequate disclosures, and procedural inconsistencies in SEBI’s review. The Court is examining whether the regulator followed due diligence in granting clearance amid the company’s structural and financial complexities. This development comes at a critical time for WeWork India, which is attempting to strengthen its capital position despite global turmoil faced by its parent brand.