India, Jan. 25 -- Fourteen months after US securities regulators filed fraud charges against billionaire Gautam Adani and his nephew Sagar Adani, lawyers representing the Indian executives made their first filing in court this week, signalling willingness to negotiate on accepting the summons after India's government twice refused to deliver them.

In a January 23 letter to a New York federal judge, Sullivan & Cromwell LLP, writing on behalf of the Adanis, said they are discussing an agreement with the US Securities and Exchange Commission (SEC) to resolve how the summons will be served, requesting the court defer ruling while the parties hold talks. The letter did not specify the terms being discussed.

The development came two days afte...