New Delhi, May 15 -- The proposed settlement between the Adani Group and the US Securities and Exchange Commission (SEC) could mark a turning point for the conglomerate, effectively clearing the legal overhang in the US and restoring investor confidence, said Raian N. Karanjawala, Managing Partner, Karanjawala & Company.

Speaking on the development, Karanjawala disclosed his personal and professional connection with the group while noting that he had "nothing to do with this particular litigation" and was "not involved in any way."

The issue dates back to November 2024, when the US Department of Justice (DOJ) filed a criminal indictment against Gautam Adani, followed by a parallel civil proceeding by the SEC related to the Adani Green b...