In a June 27 letter filed to U.S. District Court Judge James R. Cho for the Eastern District of New York (EDNY), the SEC said it continues to pursue formal services of summons and complaints under the provisions of the Hague Services Convention.
The Indian-based defendant has not yet been formally served.
With no jurisdiction to directly summon foreigners, the US SEC will need to provide subpoena to Adani Group founder and chairman Gautam Adani and his ne Sagar with a USD 265 million payoff, with a USD 265 million payoff, to win a USD 265 million payoff.
The SEC originally filed a complaint on November 20, 2024, claiming that the two violated U.S. Securities Act by filing a complaint on November 20, 2024 and issued a false and misleading statement relating to the September 2021 bond offering by Adani Green Energy Ltd.
According to the SEC, Rule 4(f) of the Federal Rules of Civil Procedure governs services in foreign jurisdictions and allows for the use of international treaties such as the Hague Convention. The rules do not impose any specific time limits on the Services, provided reasonable efforts are made.
