Mumbai, June 27 -- A New York district court has refused to dismiss the proceedings against billionaire Gautam Adani and his nephew, Sagar Adani, questioning the US government's change in stance.

The Eastern District Court of New York on Friday directed the US government to provide the reasons and factual arguments for the dismissal of criminal proceedings initiated by the department of justice (DoJ) against the Adanis.

"The Government's terse, bland, and conclusory statement affords the court neither a sufficient basis to reach any conclusion, nor the opportunity to conduct any analysis of the Government's request for dismissal," US district judge Nicholas Garaufis wrote in the judgment.

In the absence of adequate reasoning and suffic...