India, Aug. 25 -- The Supreme Court (SC) has dismissed an appeal filed by New Delhi-based NGO Infrastructure Watchdog against coworking space provider Smartworks and markets regulator SEBI.

"The order of the SAT was appealed before the Supreme Court of India by the Infrastructure Watchdog. The Supreme Court of India has dismissed the appeal on August 25, 2025," Smartworks said in an exchange filing.

Notably, the NGO had moved the Securities Appellate Tribunal (SAT) seeking a stay on the coworking space provider's IPO. The NGO's allegations included inadequate disclosure of inspection and investigation by the RoC, allegations of receiving funds from shell companies and some amounts through benami transactions, among others.

The SAT dism...