Last Updated Aug - 13 - 2025, 03:12 PM | Source : Fela News
The U.S. SEC is yet to serve summons to Gautam and Sagar Adani in India. Legal protocols under the Hague Service Convention are complicating attempts to effect
The U.S. Securities and Exchange Commission (SEC) has not yet formally served summons on Indian billionaire Gautam Adani and his nephew, Sagar Adani. Despite initiating legal proceedings in November 2024 over alleged false statements in a bond offering by Adani Green Energy, the SEC is still awaiting successful delivery of the legal documents.
Part of the challenge stems from jurisdictional and diplomatic constraints. The SEC must adhere to international protocols specifically, the Hague Service Convention to serve documents to foreign nationals. This means it cannot directly deliver summons but must instead rely on assistance from Indian judicial authorities via the Ministry of Law & Justice.
In a June 27 update to the U.S. District Court in New York, the SEC reassured that it continues to pursue formal service through established diplomatic and legal channels. It has sent Notices of Lawsuit and Requests for Waiver of Service directly to the defendants and their legal counsel, while also coordinating with Indian authorities. Nonetheless, the process is not yet complete.
In the original case, Gautam and Sagar Adani are accused of violating the US securities laws by making misleading claims related to the Bond issue of September 2021. The SEC says that these misleading statements affected investors and form the basis of civil action. However, unless summons is formally issued, Indian Adani has not been forced to respond in court.
In short, SEC summons to Gautam and Sagar Adani is still pending, delayed due to complex legal and diplomatic processes. This situation is constantly changing, as American and Indian officials are following the protocol to ensure delivery of summons properly and legally.
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