Washington, May 19 (IANS) Indian-American community leader and former presidential adviser, Ajay Bhutoria, on Monday hailed the dismissal of criminal charges against the Adani Enterprises Ltd, calling it a “definitive legal victory” and describing the Adani Group’s proposed $10 billion investment in the United States as a “game-changer” for the American infrastructure and technology leadership.In a statement issued from Silicon Valley, Bhutoria said the resolution marked a major turnin…
Latest SEC News & Updates
New York, May 18 (IANS) In yet another significant development, the US Department of Justice has permanently dropped all criminal charges against Gautam Adani and his nephew, Sagar Adani, in an alleged securities and wire fraud case.In a filing before the Eastern District of New York, the US Department of Justice requested dismissal of the indictment against Adani.”The Department of Justice has reviewed this case and has decided, in its prosecutorial discretion, not to devote further resources t…
New York, April 8 (IANS) A US judge has granted a request from Billionaire industrialist Gautam Adani to schedule a hearing to dismiss a US Securities and Exchange Commission (SEC) case of alleged fraud. The plea states that the case represents an impermissible extraterritorial application of US law and that the SEC has failed to establish actionable claims under US securities laws.”The court has received Defendants’ letter requesting a pre-motion conference on their anticipated motion to dismis…
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…
Jaipur, April 2 (IANS) The Rajasthan High Court on Thursday issued contempt notices to the State Election Commission (SEC) and State Election Commissioner Rajeshwar Singh over delays in conducting panchayat and urban local body elections in the state. A division bench led by Acting Chief Justice S.P. Sharma passed the order while hearing a contempt petition filed by former MLA Sanyam Lodha.The court questioned how the SEC issued a schedule for revision of voter lists that extends beyond the cour…
Jaipur, March 18 (IANS) The issue of Panchayat and civic body elections in Rajasthan has once again reached the Rajasthan High Court, with former MLA Sanyam Lodha filing a contempt petition against the state government and the State Election Commission (SEC). In his petition, Lodha has alleged that both the government and the Commission are deliberately delaying the election process, amounting to wilful disobedience of the High Court’s directions. He has argued that the Commission’s cu…
Hyderabad, Feb 13 (IANS) Telangana’s ruling Congress party has won nearly 60 per cent of urban local bodies, the results show on Friday night.The Congress party captured power in 64 out of 116 municipalities and three out of seven corporations.Main Opposition Bharat Rashtra Samithi (BRS) bagged 13 municipalities, while Forward Block captured one urban local body.There were no clear winners in 38 municipalities. This triggered camp politics by both Congress and BRS to lure independents and othe…
Washington, Feb 13 (IANS) A fierce debate over the future of US crypto regulation unfolded on Capitol Hill as senators clashed over whether the Trump administration’s Securities and Exchange Commission is easing enforcement while pushing for a new statutory framework to bring clarity to digital asset markets.SEC Chairman Paul S. Atkins on Thursday defended a pivot away from what Republicans described as “regulation by enforcement” under the previous administration and towards clearer statu…
Mumbai, Jan 16 (IANS) As Maharashtra Navnirman Sena (MNS) President Raj Thackeray and Shiv Sena(UBT) chief Uddhav Thackeray raised objections over the functioning of the State Election Commission, particularly regarding the use of removable ink, the Shiv Sena on Friday refuted the allegations, stating that there was no issue with the ink. The party said that a similar fake narrative was created during the Lok Sabha elections as well. Speaking to IANS, Shiv Sena leader Manisha Kayande said, “Th…
Mumbai, Jan 16 (IANS) As the counting of votes for the 29 municipal corporations in Maharashtra began on Friday, the Shiv Sena expressed confidence in a strong performance, and said that the outcome of elections has remained consistent, whether it is the Lok Sabha, Vidhan Sabha or municipal corporation polls. Speaking to IANS, Shiv Sena leader Shaina NC said the public has shown strong support for the Mahayuti alliance.“Whether it is the Lok Sabha, Vidhan Sabha or municipal corporation electio…