Overview
- The motion filed Jan. 21 in the Eastern District of New York asks Judge Nicholas Garaufis to permit service through the Adanis’ U.S. counsel and to their business email addresses.
- India’s Law Ministry twice declined Hague Convention requests in 2025, citing missing ink signatures and official seals and questioning the SEC’s authority to seek service.
- Adani group shares fell between 3.4% and 14.6% on Friday, wiping out roughly $12.5 billion in market value, with Adani Green down nearly 14% and Adani Enterprises off about 11%.
- Adani Group called the allegations baseless, and exchange filings from Adani Enterprises and Adani Green said the companies are not parties to the U.S. proceedings.
- The SEC civil case is separate from a DOJ criminal indictment unsealed in November 2024 that remains pending, and the court has not yet ruled on the SEC’s service request.