Adani crisis: Who are the legal advisors navigating the conglomerate through troubled waters?

Having lost upwards of $100 billion after recently calling off its ₹20,000 crore follow-on public offer (FPO), the Adani Group finds itself in the midst of troubled waters..Things for the conglomerate owned by billionaire Gautam Adani began to take a turn for the worse after US-based investment research firm Hindenburg Research released a report alleging fraud on the part of Adani Enterprises, just before it launched its ₹20,000 crore FPO.As a result of the report, the stocks of several firms of the Adani Group began tumbling, eventually prompting it to call off the FPO.In its response, Adani claimed that the report was a "malicious combination of selective misinformation and concealed facts to drive an ulterior motive"..Adani v Hindenburg: Court and tribunal orders relied on by the Indian conglomerate to counter research firm's allegations.Today, a petition was filed before the Supreme Court seeking directions to the Securities and Exchange Board of India (SEBI) and the Union Home Ministry to conduct an inquiry and register a First Information Report (FIR) against founder of Hindenburg Research, Nathan Anderson, and his associates in India for its recent report.While it remains to be seen what this petition will yield, it does not appear at this stage that Adani will take the research firm to court..As the Adani Group weighs its legal options amid the crisis, we take a look at the law firms that are helping it steer the ship.According to reliable sources, Cyril Amarchand Mangaldas and US law firm Wachtell, Lipton, Rosen & Katz LLP are acting for Adani Group and managing the fiasco..The team from Cyril Amarchand Mangaldas is being led by Managing Partner Cyril Shroff on the domestic front.A large team from Wachtell Lipton headed by Partner Adam O Emmerich along with Partners Sabastian Niles and Bill Savitt is advising Adani globally..Last year, Twitter had hired US law firm Wachtell Lipton to sue Elon Musk, in a bid to make him honour his promise of acquiring the social media company for $44 billion. The team was led by Wachtell Partner Bill Savitt..As Gautam Adani's net worth drops to take him out of the list of the top 20 richest people in the world, it will be interesting to see the legal strategy his advisors adopt to plug the leaks in the Adani ship.