Gautam Adani and his nephew Sagar Adani have informed a US federal court that they are negotiating with the US Securities and Exchange Commission (SEC) over how legal summons should be served in its civil fraud case.
The SEC had requested permission to serve the summons via email and through US lawyers after India’s Ministry of Law and Justice twice refused to deliver the documents under the Hague Convention.
In a January 23 letter, the Adanis’ lawyers asked the court to delay ruling while discussions continue. The SEC alleges fraud and bribery affecting US investors, which the Adani Group denies and intends to contest.