SAT Dismisses Plea Seeking Stay On Smartworks IPO

SAT dismissed the appeal filed by NGO Infrastructure Watchdog against the coworking space provider, its promoters, SEBI, among others, due to lack of merit

Infrastructure Watchdog filed an appeal on July 8 against Smartworks, alleging that it was under an investigation by the Income Tax department, received funds from shell companies and some amounts through benami transactions, and more

With this, the company is expected to go ahead with its listing tentatively…