[BREAKING] Supreme Court refuses interim relief in challenge to LIC IPO; issues notice

"We cannot grant any interim relief now. In matters of IPO, court will be reluctant in granting interim relief. It is about investments," the bench said.
[BREAKING] Supreme Court refuses interim relief in challenge to LIC IPO; issues notice

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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