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Business Standard
2 days ago
- Business
- Business Standard
SEC informs US court of progress in serving legal documents in Adani case
The US Securities and Exchange Commission (SEC), in a filing before a federal court in New York, said it has sought assistance from India's Ministry of Law and Justice to serve legal documents to billionaire Gautam Adani and his nephew Sagar in connection with a civil securities case filed last year. The status update filed on August 11 is the same as the last hearing on June 27. In the latest update submitted to Magistrate Judge James R Cho of the US District Court for the Eastern District of New York (EDNY), the SEC said it is continuing to pursue formal service of the summons and complaint under the provisions of the Hague Service Convention. The defendants, who are based in India, are yet to be officially served with the summons. The US SEC has to serve the summons to Adani Group founder and chairman Gautam Adani and his nephew Sagar in the alleged $265 million payoffs to win lucrative renewable power supply contracts through proper diplomatic channels, as it has no jurisdiction to summon a foreign national directly. The Adani group has denied all charges. SEC said the Indian authorities "have not yet effected service" to its request for serving the summons. "The SEC intends to continue communicating with the India MoLJ and pursue service of the defendants via the Hague-Service Convention, and will the court apprised of its efforts," the filing said. No dates for the next hearing were mentioned. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Economic Times
2 days ago
- Business
- Economic Times
SEC informs US court of progress in serving legal documents in Adani case
The US SEC is seeking assistance from India's Ministry of Law and Justice to serve legal documents to Gautam Adani and his nephew Sagar Adani, regarding a civil securities case. This action is under the Hague Service Convention, as the defendants are based in India. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The US Securities and Exchange Commission (SEC), in a filing before a federal court in New York, said it has sought assistance from India's Ministry of Law and Justice to serve legal documents to billionaire Gautam Adani and his nephew Sagar in connection with a civil securities case filed last status update filed on August 11 is the same as the last hearing on June the latest update submitted to Magistrate Judge James R Cho of the US District Court for the Eastern District of New York (EDNY), the SEC said it is continuing to pursue formal service of the summons and complaint under the provisions of the Hague Service Convention The defendants, who are based in India, are yet to be officially served with the US SEC has to serve the summons to Adani Group founder and chairman Gautam Adani and his nephew Sagar in the alleged USD 265 million payoffs to win lucrative renewable power supply contracts through proper diplomatic channels, as it has no jurisdiction to summon a foreign national Adani group has denied all said the Indian authorities "have not yet effected service" to its request for serving the summons."The SEC intends to continue communicating with the India MoLJ and pursue service of the defendants via the Hague-Service Convention, and will the court apprised of its efforts," the filing dates for the next hearing were mentioned.
India.com
2 days ago
- Business
- India.com
Bad news for Gautam Adani, US requests assistance from India in alleged bribe case, says Indian authorities ‘have not yet…'
Gautam Adani (File) The US Securities and Exchange Commission (SEC) told a federal court in New York that it has requested assistance from India's Ministry of Law and Justice to serve legal documents to billionaire Gautam Adani and his nephew Sagar in connection with a civil securities case filed last year. The status update filed on August 11 is the same as the last hearing on June 27. What SEC Informed US Court In Adani Case? In the latest update submitted to Magistrate Judge James R Cho of the US District Court for the Eastern District of New York (EDNY), the SEC said it is continuing to pursue formal service of the summons and complaint under the provisions of the Hague Service Convention. The defendants, who are based in India, are yet to be officially served with the summons. The US SEC has to serve the summons to Adani Group founder and chairman Gautam Adani and his nephew Sagar in the alleged USD 265 million payoffs to win lucrative renewable power supply contracts through proper diplomatic channels, as it has no jurisdiction to summon a foreign national directly. What SEC Said About Indian Authorities? SEC said the Indian authorities 'have not yet effected service' to its request for serving the summons. 'The SEC intends to continue communicating with the India MoLJ and pursue service of the defendants via the Hague-Service Convention, and will the court apprised of its efforts,' the filing said. No dates for the next hearing were mentioned. The Adani group has already denied all charges. (With Inputs From PTI)
News18
3 days ago
- Business
- News18
SEC informs US court of progress in serving legal documents in Adani case
New York, Aug 12 (PTI) The US Securities and Exchange Commission (SEC), in a filing before a federal court in New York, said it has sought assistance from India's Ministry of Law and Justice to serve legal documents to billionaire Gautam Adani and his nephew Sagar in connection with a civil securities case filed last year. The status update filed on August 11 is the same as the last hearing on June 27. In the latest update submitted to Magistrate Judge James R Cho of the US District Court for the Eastern District of New York (EDNY), the SEC said it is continuing to pursue formal service of the summons and complaint under the provisions of the Hague Service Convention. The defendants, who are based in India, are yet to be officially served with the summons. The US SEC has to serve the summons to Adani Group founder and chairman Gautam Adani and his nephew Sagar in the alleged USD 265 million payoffs to win lucrative renewable power supply contracts through proper diplomatic channels, as it has no jurisdiction to summon a foreign national directly. The Adani group has denied all charges. 'The SEC intends to continue communicating with the India MoLJ and pursue service of the defendants via the Hague-Service Convention, and will the court apprised of its efforts," the filing said. No dates for the next hearing were mentioned. PTI ANZ BAL BAL view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
