Mumbai, Dec. 3 -- The Embassy Group received two important legal victories this week, reducing pressure from its ongoing disputes. In Mumbai, the Bombay High Court dismissed a last-minute plea to block the WeWork India IPO.

The Court also imposed a cost of Rs 1 lakh on petitioner Vinay Bansal after finding that he had hidden key documents, including replies from the company and its lead managers that addressed all his concerns.

The Court clearly stated that neither of the petitioners had shown any valid reason to interfere with SEBI's approval of the IPO. After reviewing all records, the Bench concluded that the IPO complied with all regulatory requirements and that the offer documents contained no misleading statements.

WeWork India w...