Bombay High Court rejects challenge to WeWork India IPO, imposes Rs 1 lakh cost

The Bombay High Court on Monday dismissed two writ petitions filed by Vinay Bansal and Hemant Kulshrestha that sought to block WeWork India’s initial public offering, ending a last-minute legal attempt to stall the company’s planned market debut.

A Division Bench of Justice RI Chagla and Justice Farhan Parvez Dubash rejected the petitions and imposed a Rs 1 lakh cost on Vinay Bansal, directing him to deposit the amount with the Maharashtra State Legal Services Authority within two weeks.

The Court had reserved its order on October 8 after completing…