New Delhi, Oct. 2 -- WeWork's initial public offering (IPO) is facing scrutiny just days before opening for subscriptions after an investor filed a petition before the Bombay High Court against the Securities Exchange Board of India (SEBI), alleging company wrongdoing and the market regulator's failure to act on his complaints.

The petitioner, Vinay Bansal, a 32-year-old resident of Jaipur, claimed that the Draft Red Herring Prospectus (DRHP) contains material non-disclosures and misleading statements, including the concealment of a criminal chargesheet filed against the promoters for serious economic offences.

Bansal has further appealed to SEBI to restrain WeWork from proceeding with its IPO until it investigates the allegations and m...