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- Subscribe now MUMBAI , BENGALURU : Adani Group chairperson Gautam Adani's counsel on 23 January made their first submission in a US court 14 months after the Securities and Exchange Commission (SEC) filed a bribery and securities fraud case against the Indian billionaire and his nephew.
- Global law firm Sullivan & Cromwell LLP, writing on behalf of Gautam Adani and with the consent of his nephew Sagar Adani, requested the US District Court for the Eastern District of New York to defer its ruling on a motion made by the SEC on 21 January, as Adani's counsel and the US regulator were discussing a stipulation on the case, showed the submission reviewed by Mint.
- A stipulation is a formal agreement between opposing parties during a lawsuit regarding a fact or procedure.
- It means that both parties agree on a fact or a procedure and do not need to discuss or debate it every time in court.
