Legal15 May 2026, 07:31 am
Adani Green: US SEC, Adani File for Final Judgment
AI Summary
Adani Green Energy Ltd. provided an update on the civil complaint filed by the US SEC against Gautam Adani and Sagar Adani. The US SEC, Gautam Adani, and Sagar Adani have jointly filed a request for entry of final judgment, on consent, before the US Eastern District NY Court on May 15, 2026 (India Time). The final judgment is currently awaited. Gautam Adani and Sagar Adani have consented to the entry of the final judgment without admitting or denying the allegations and will pay civil penalties of USD 6.00 million and USD 12.00 million respectively. Adani Green Energy is not a party to this proceeding.
Key Highlights
- US SEC, Gautam Adani, and Sagar Adani jointly filed for final judgment.
- Gautam and Sagar Adani consent to the judgment without admitting allegations.
- Gautam Adani to pay USD 6.00 million civil penalty.
- Sagar Adani to pay USD 12.00 million civil penalty.
- Adani Green Energy is not a party to the US SEC proceeding.