The case pertains to allegations levelled by the SEC against Gautam Adani and Sagar Adani. In November 2024, the SEC had alleged violations of US federal laws, with Gautam Adani and Sagar Adani making “false and misleading” representations about Adani Green Energy with respect to a debt fund raise of $175 million in September 2021.
The SEC submission clarifies that Gautam Adani and Sagar Adani are in India. The SEC informed the US court that it had requested India’s Law Ministry to help serve the summons, under the Hague Convention.
Also Read: Adani US SEC and Criminal cases not combined, only assigned to same judge: Exclusive
The SEC submitted that they were coordinating with India’s Law Ministry to serve the summons through Indian courts. In March, the Law Ministry had shared the summons from the SEC with a Sessions Court in Gujarat, to be served on Gautam Adani and Sagar Adani.
SEC court filing confirmed that the Indian courts have not yet served the summons. SEC is expected to file its next status report to the US court by August 11.
Also Read: US SEC seeks help from India to serve complaint to Gautam Adani and his nephew Sagar: Report
First Published: Jun 28, 2025 12:13 AM IST
