The Supreme Court refused to entertain a plea challenging the WeWork India IPO and upheld the earlier Bombay High Court decision dismissing the petitions. The Court noted that SEBI had already examined and approved the offer documents, bringing the legal challenge to an end.
The Karnataka High Court has temporarily stayed the NCLT’s order preventing Aakash Educational Services from amending its Articles of Association, which could dilute investor shareholding. Aakash argues that the NCLT lacked reasoning for this decision. Further hearings are set for December 2 amidst ongoing legal disputes involving key investors.
The Arbitration Bar of India and Bombay Bar Association are hosting an event on “Judicial Support and Role of Courts in Arbitration” on September 21, 2024, at the YB Chavan Auditorium in Mumbai from 9 AM to 2 PM, followed by lunch. Key figures in the legal field will deliver remarks and lead panel discussions on the topic.