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…
Latest US court News & Updates
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…
New Delhi, March 18 (IANS) The Supreme Court has dissolved the marriage between an NRI couple, invoking its extraordinary powers under Article 142 of the Constitution to ensure “complete justice” after holding that the relationship had irretrievably broken down with no possibility of reconciliation. Allowing an appeal filed by the husband, a Bench of Justices Vikram Nath and Sandeep Mehta set aside a Bombay High Court judgment which had ruled that Indian courts lacked jurisdiction in the mat…
New Delhi, Jan 5 (IANS) The US capture of Venezuela’s President Nicholas Maduro and taking over its oil fields could lead to Indian refineries benefiting from imports of heavier Venezuelan barrels, which trade at a discount to Brent, boosting their gross refining margins, a report showed on Monday.The report from Choice Institutional Equities said that India previously imported up to 400 thousand barrels per day (KBD) of Venezuelan crude and that access to equipment and investments could be gr…