Delhi HC dismisses plea against Sebi's NOC for NSE IPO, says petition aimed to 'interdict' listing

The Delhi High Court has dismissed a petition challenging SEBI's no-objection certificate for the National Stock Exchange's IPO. This ruling removes a significant legal hurdle for the NSE's long-delayed listing plans, which have faced multiple obstacles since 2016. The court found the petition aimed to "interdict" the IPO process.