Supreme Court

Supreme Court Rebukes NGO for Placing Fake MCA Letter, Dismisses Smartworks IPO Appeal 0
- Industry News
- August 26, 2025
The Supreme Court of India has dismissed an appeal filed by the New Delhi–based NGO Infrastructure Watchdog against the Securities and Exchange Board of India (SEBI) concerning the ₹560-crore initial public offering (IPO) of Smartworks Coworking Spaces Limited. The Court issued a strong warning to the NGO and its counsel after finding that a fabricated letter from the Ministry of Corporate Affairs (MCA) was placed on record to cast aspersions on Smartworks’ promoters. The Bench cautioned that future attempts to mislead the judiciary would invite serious repercussions, but refrained from punitive action this time as the alleged letter did not exist.
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Supreme Court Drama Unfolds in Smartworks IPO Case 0
- Industry News
- August 22, 2025
The Supreme Court witnessed high-stakes drama as a legal battle erupted over the Initial Public Offering (IPO) of Smartworks Coworking Spaces Limited. At the centre is an NGO’s claim of a fabricated document from the Ministry of Corporate Affairs (MCA), raising questions about corporate transparency, regulatory compliance, and investor confidence. The case highlights the interplay between market regulators and the judiciary in India’s startup ecosystem.
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