Court filings from New York now reveal that the US Securities and Exchange Commission (SEC) twice sent summons to Gautam Adani and his nephew Sagar Adani under the Hague Convention, only for India’s Law Ministry to return them both times, first in May 2025 and again in December, citing missing ink signatures, seals and even questioning whether the SEC could use this treaty route at all. After 14 months of deadlock, the SEC has asked a US federal court for permission to bypass diplomatic channels and serve “effective summons” directly to the Adani family via email, in a civil case accusing them of knowingly or recklessly making false and misleading statements about Adani Green Energy’s 2021 debt offering, a bond issue the group later withdrew after a parallel US Justice Department bribery indictment. The disclosure has already spooked markets: Adani Group stocks fell between about 3.3 percent and 14.6 percent in a single session, wiping out over ₹1 lakh crore in market capitalisation, even as Adani Green told exchanges it is not a party to the proceedings, faces no bribery or Foreign Corrupt Practices Act charges, and insists the SEC’s case is purely civil and baseless. With the US regulator now seeking to email summons into India, the story is no longer just about one conglomerate, it raises bigger questions about how far international law can reach Indian corporates, why procedural “seal and signature” objections look tougher for global regulators than they do for ordinary citizens, and what this tussle means for India’s own regulatory credibility, Watch the Full Video Now!
The copyright ownership in the video rests with India Today Group. No third party is permitted to use the video without obtaining the permission of India Today Group. Any permission for usage can be obtained through the email ID provided here: mail@lallantop.com.
न्यूज़ लेटर के लिए क्लिक करें : https://www.thelallantop.com/newsletter
खबरों को विस्तार से पढ़ने के लिए क्लिक करें यहां : https://www.thelallantop.com/
Instagram: @thelallantop
Facebook: @thelallantop
Twitter: @TheLallantop
Production: Sheikh Naved
Video Editor: Danish
