Gautam Adani Moves To Dismiss US SEC Lawsuit, Cites Lack of Jurisdiction

Gautam and Sagar Adani have moved to dismiss a US SEC lawsuit, arguing the court lacks jurisdiction over the 2021 bond sale. They contend the transactions were extraterritorial, involving Indian entities and non-US listings. The filing labels SEC claims 'legally flawed', stating the alleged misconduct occurred entirely outside the US.