New York, April 8 (IANS) Emphasising that the lawsuit brought by the Securities and Exchange Commission (SEC) against him falls outside the US jurisdiction and fails to establish any wrongdoing, billionaire industrialist Gautam Adani has moved a US court seeking dismissal of the securities fraud lawsuit.Arguing that the case represents an impermissible extraterritorial application of US law and fails for lack of personal jurisdiction, Gautam Adani and his nephew Sagar Adani have asked a court in…
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New York, April 7 (IANS) In a key development, Gautam Adani, the Adani Group Chairman, and his nephew Sagar Adani have asked a court in the US to dismiss a lawsuit brought by the Securities and Exchange Commission (SEC) against them. They argued though their lawyers that the case falls outside the US jurisdiction and fails to establish any wrongdoing.The defendants are seeking dismissal of the case in full and said they are prepared to appear for a pre-motion conference if required.Adanis said i…
Ahmedabad, Jan 30 (IANS) In a significant milestone for the Adani Group’s global credit journey, Japan Credit Rating Agency (JCRA) has initiated ratings of three Portfolio companies — Adani Ports and SEZ (APSEZ), Adani Green Energy Ltd. (AGEL) and Adani Energy Solutions Ltd. (AESL) — assigning long-term foreign currency credit ratings with a ‘Stable’ outlook to all three companies, it was announced on Friday.Japan’s leading rating agency assigned Adani Ports and Special Economic Zone…