The Supreme Court refused to grant any interim relief and stay the Life Insurance Corporation (LIC) IPO share allotment on a batch of pleas filed by some policy holders.

A bench of Justices DY Chandrachud, Surya Kant and PS Narasimha said that the court should be reluctant to grant any interim relief in matters of commercial investments and IPO. "We are not inclined to grant any interim relief", the bench said as it issued notice to the Centre and LIC on the batch of pleas seeking their response within eight weeks. The bench said that on the aspect of interim relief the court must be guided by the well settled principle of prima facie case, balance of convenience and whether there is any irreparable injury.