Gautam Adani, who is worth USD 82.5 billion according to the Bloomberg Billionaire Index, has been jostling with Ambani for the spot of the richest person in Asia.
The case involved market regulation violations worth Rs 388 crore, arising from concerns over regulatory compliance and financial transactions flagged by an SFIO investigation.
The SEC told the court that its efforts to serve both Gautam Adani and Sagar Adani in India are ongoing, including through a request for assistance to the Indian authorities.
