Wednesday, April 27 2005 13:46 Hrs (IST) - World Time -

New Delhi: The Supreme Court today (Apr 27, 2005) gave go-ahead for the Rs 150 crore Initial Public Offer (IPO) of India's leading retailer Shoppers' Stop by staying an interim order of the Shillong Bench of Guwahati High Court restraining the IPO.

When the petition by the Shoppers' Stop was mentioned before a Bench comprising Justice N Santosh Hegde and Justice S H Kapadia said "in the peculiar facts and circumstances of the case, the interest of justice will be met only by staying the impugned order of the High Court."

Ensuring a hassle free IPO, the Court said till it decided the matter no other Court or forum shall pass any interim order pertaining to the IPO.