India, Aug. 19 -- The Supreme Court has reportedly issued a warning to NGO Infrastructure Watchdog in connection with its appeal against the Securities Appellate Tribunal's (SAT) refusal to halt coworking giant Smartworks' initial public offering (IPO).
As per Bar and Bench, high drama ensued after advocate Narender Hooda, appearing for the NGO, produced what he claimed to be a letter from the corporate affairs ministry (MCA) to SEBI. As per Hooda, the letter reportedly underlined ongoing investigations against Sarda family, the company's promoters.
Disputing the claim, advocate Gopal Subramanium, representing Smartworks, said that an RTI filed with the MCA revealed no such letter had been issued to the SEBI. The coworking giant's couns...
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