A US federal court has taken on record a consent request filed by the Securities and Exchange Commission seeking approval of proposed consent judgments that would fully resolve the regulator’s claims against the defendants in the case, according to a court order.
In an order dated May 26, 2026, Nicholas G. Garaufis said the court is in receipt of the SEC’s consent request and adjourned, sine die, a pre-motion conference that had been scheduled for May 29, 2026. The order effectively pauses further pre-motion proceedings while the court considers the proposed settlements.
The consent judgments, if approved and entered, would bring the enforcement action to a close. The SEC has told the court that the settlements would fully resolve its claims against the defendants, who have consented to the proposed terms without admitting or denying the allegations .
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The case stems from an SEC lawsuit filed in November 2024 alleging securities law violations in connection with disclosures tied to a bond offering by Adani Green Energy.
In its filing, the regulator sought permanent injunctions and civil penalties against Gautam Adani and Sagar Adani, arguing that the proposed consent judgments meet the legal standards for fairness, reasonableness and public interest considerations.
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The court has not yet indicated when it will rule on the SEC’s request to approve and enter the consent judgments.
