Gautam Adani News in Hindi: The US Securities and Exchange Commission (SEC) said in a status report submitted to a New York court that it is constantly trying to send summons to Indian industrialist Gautam Adani and his nephew. The case is related to a civil security case filed last year. The SEC will have to send these summons through proper diplomatic mediums, because he does not have the right to send summons directly to a foreign national.
The US market regulator on Friday informed Judge James R Cho, Magistrate Judge of the US District Court of Eastern District of New York, that he was working to formulate summons and complaint to Gautam Adani and his nephew Sagar Adani under the rules of the ‘Hague Service Treaty’. The SEC has not yet officially handed them over these legal documents due to the defendants residing in India.
The case is reportedly related to the payment of $ 26.5 million. It is alleged that it was paid to achieve renewable energy supply contracts.
The Securities and Exchange Commission originally filed a complaint in the case on 20 November 2024. It is alleged that Gautam Adani and Sagar have violated American securities laws by making false and misleading statements about the September 2021 bonds of Adani Green Energy Limited.
The SEC reported that Rule 4 (F) of the Federal Civil Procedure Rules regulates (service) of documents in foreign justice areas and allows the use of international treaties such as the Hague Treaty. This rule does not set a specific time limit to serve legal documents, provided that proper efforts are being made.
The US court has asked the SEC to provide updated information in the case by August 11, 2025. The SEC told the court that since the defendants are in India, efforts are on to give them documents. It has sought help from Indian authorities under the Hague Treaty, so that judicial and judicial documents can be served abroad in civil or commercial matters.
The US market regulator had earlier also sought help from India’s Ministry of Law and Justice to serve summons and complaints on Adani. The SEC said that correspondence has been made with India’s Ministry of Law and Justice regarding the efforts of the Indian judicial authorities to summon the defendants, but the SEC feels that those authorities have not yet served it.
The SEC said that it had also sent requests to the defendants and their lawyers for exemption from the information and summons of summons, including copies of the complaint directly.
Edited by: Nrapendra Gupta
