New Delhi, Aug. 25 -- The Supreme Court today dismissed an appeal filed by New Delhi-based NGO Infrastructure Watchdog against the Securities and Exchange Board of India (SEBI) in relation to the Rs 560-crore initial public offering (IPO) of Smartworks Coworking Spaces Limited.
A Bench comprising Justice P.S. Narasimha and Justice A.S. Chandurkar also issued a stern caution to the NGO for placing false documents on record and rebuked its lawyers for failing to prevent such a lapse.
The appeal had arisen from a July 16 order of the Securities Appellate Tribunal (SAT), which had refused to stay Smartworks' IPO.
During earlier hearings, Senior Advocate Narender Hooda, for the NGO, had produced what was claimed to be a letter from the Minist...