![[BREAKING] Supreme Court refuses interim relief in challenge to LIC IPO; issues notice](https://gumlet.assettype.com/barandbench%2F2022-05%2Fe4b9ec23-80e9-4f0a-9f5b-49e562a2d927%2FLIC_IPO.jpg?auto=format%2Ccompress&fit=max)
The Supreme Court on Thursday refused to grant stay in a batch of petitions challenging the decision of the Central government to trade 5 per cent of its shareholding in Life Insurance Corporation (LIC) through an Initial Public Offering (IPO) [Thomas Franco vs Union of India].
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