US civil fraud case

New Delhi/New York (Rajeev Sharma): Billionaire industrialist Gautam Adani and his nephew Sagar Adani have agreed to accept service of a legal notice issued by the US Securities and Exchange Commission (SEC) in a civil fraud lawsuit, according to a court filing in the United States. The move, described as procedural in nature, is subject to approval by the court. In a joint filing submitted to a federal court in Brooklyn, New York, the SEC and US-based lawyers representing the Adanis confirmed that the defendants’ counsel has agreed to receive the regulator’s legal papers. This agreement removes the need for…