A year later,US SEC and India’s LawMinistry unable to serve summons to AdaniGroup
Автор: JAN GAN MAN 24x7
Загружено: 2025-12-13
Просмотров: 2693
More than a year after the case was first filed, the United States (US) Securities and Exchange Commission (SEC) has been unable to serve summons to Gautam Adani, his nephew Sagar Adani, and the Adani Group in India. In its latest status report submitted on December 12, the agency informed Judge James R Cho of the Eastern District of New York court that it “understands” that India’s Ministry of Law and Justice (MoLJ) has “not yet effected service” to the Adani Group.
“Because Defendants reside in India, the SEC previously initiated the process for serving them under the Hague Service Convention for Service Abroad of Judicial and Extrajudicial Documents in Civil or Commercial Matters. That process requires assistance from India’s Ministry of Law and Justice, which has yet to serve Defendants,” the SEC said in its status report.
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