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Adani Lawyers Agree to Accept Service in SEC Fraud Case

Court approval would end a yearlong service impasse after India rejected Hague service requests.

Overview

  • A filing in Brooklyn federal court says US-based lawyers led by Robert Giuffra Jr agreed to accept service on behalf of Gautam and Sagar Adani.
  • The stipulation requires Judge Nicholas Garaufis’s approval, which would trigger a 90-day deadline for the defendants’ response followed by 60- and 45-day briefing periods.
  • The agreement follows a year of stalled service after India’s Law Ministry twice refused Hague Convention requests and the SEC sought alternative service.
  • The defendants reserve all defenses, including challenges to personal jurisdiction in the Eastern District of New York.
  • The SEC alleges the executives misled investors in connection with Adani Green and references an alleged bribery scheme as prosecutors pursue a separate criminal case, while the company says it is not a party and faces no charges.