SEBI Acted with ‘Due Care and Caution’ in Clearing WeWork India IPO: Bombay High Court

The Bombay High Court has held that the Securities and Exchange Board of India acted with complete responsibility and exercised due care and caution while clearing the WeWork India IPO. The bench stated that it was satisfied that SEBI complied with all requirements of the ICDR Regulations and that allegations of negligence made by the petitioners had no merit. Supervisory Role of SEBI The judges clarified that SEBI’s role concerning…