US SEC's Legal Proceedings Against Adani Group

The US Securities and Exchange Commission (SEC) has yet to serve legal summons to Gautam Adani, chairman of the Adani Group, and his nephew, Sagar Adani. This follows the initiation of legal proceedings by the SEC against the industrialists and their organization several months ago.

Status Update on Service Attempts

In its third status update submitted to the Eastern District Court of New York's Magistrate Judge James R. Cho on August 11, 2025, the SEC reported ongoing efforts to serve the defendants, who are based in India. The SEC is seeking assistance from Indian officials under the Hague Service Convention for Service Abroad of Judicial and Extrajudicial Documents in Civil or Commercial Matters.

Allegations and Legal Framework

The SEC's complaint, filed on November 20, 2024, accuses the defendants of violating federal securities regulations by providing inaccurate and deceptive information about Adani Green Energy Ltd. in relation to a debt offering in September 2021. The SEC is utilizing internationally recognized methods, including the Hague Service Convention, to deliver notices in compliance with Rule 4(f) of the Federal Rules of Civil Procedure.

Ongoing Efforts and Challenges

The SEC has communicated with India's Ministry of Law & Justice and sent notices directly to the defendants and their counsel, but service has not yet been effected. The SEC remains committed to pursuing service through the Hague Service Convention and will continue to update the court on its progress.

This case is part of a broader series of legal actions in US courts involving Gautam Adani, Sagar Adani, and Adani Green Energy Ltd., highlighting the complexities of international legal proceedings.