The Supreme Court Today (Aug 25) dismissed an appeal by NGO Infrastructure Watchdog against SEBI in the Smartworks IPO case, warning the NGO for filing a false document. The Bench pulled up its lawyers and made it clear that any future attempt to mislead the Court will invite strict action.
The Delhi High Court has annulled an arbitral award against Oravel Stays (OYO) in a dispute with Zostel over a 2015 acquisition deal. The ruling highlights the necessity for formal agreements in business transactions, emphasizing that non-binding term sheets may not ensure enforceability in legal proceedings. Final order details are pending.
