India, Oct. 9 -- The Bombay High Court (HC) yesterday reserved its order on a plea, which challenged the upcoming public listing of coworking space provider WeWork India.

"Arguments are concluded. Judgment/ order is reserved," read an order passed by Justice RI Chagla and Justice Farhan Parvez Dubash.

As per Livemint, the petitioner, during the hearing, contended that there was no exception to the rule requiring full and proper disclosure of all serious criminal proceedings pending against the company's promoters and key managerial personnel in its red herring prospectus (RHP).

Failure to disclose such material information compromises investor protection and market transparency, the petitioner argued reportedly before the HC.

With thi...