In the latest development in the US Securities and Exchange Commission’s (SEC) civil case against Gautam Adani and Sagar Adani, a federal judge has formally stayed all briefing schedules and set a pre-motion conference for May 29, 2026, even as the two directors secured a joint extension agreement with the regulator.
The US District Court for the Eastern District of New York (EDNY), in an order dated April 20, 2026, acknowledged the defendants’ consent request to extend the stipulated briefing schedule. Judge Nicholas G. Garaufis has now stayed all briefing through the date of the upcoming pre-motion conference, scheduled for 2:00 P.M. on May 29, 2026.
The court has directed the SEC to be prepared to discuss whether it plans to amend its original complaint. The time for the defendants to answer or otherwise move has been extended through the date of the conference.
“Defendants will seek dismissal of the Complaint by April 30, 2026, and stand ready to attend a pre-motion conference if the Court wishes to schedule one,” according to April 7, 2026.
This order follows a joint request by the SEC and the Adani directors, after the parties had pre-agreed on a revised schedule, proposing that the defendants’ motion to dismiss would now be due by June 8, 2026, the SEC’s amended complaint or opposition by August 7, 2026, and any reply brief by September 21, 2026.
The development comes after the defendants filed a pre-motion conference letter on April 7, 2026, outlining grounds for their anticipated motion to dismiss. The parties had also proposed May 22 or May 29 as potential dates for the conference.
