For years Telangana and Andhra Pradesh were refusing to bring the GPRS in public domain. Now both the parties have agreed to submit the detailed project report( DPRs) to Krishna and Godavari River board.
Arbitration and Mediation are Alternate Dispute Resolution (ADR) procedures. Arbitration is a process in which a binding decision is made by the arbitrator(s). Mediation is a process in which both the parties, with the interference of an independent third party known as Mediator, engage in a negotiation by discussing the key points to disputes and settle the issue. Although both Arbitration and Mediation are ADRs, they both are different in their own ways.
The Panama Canal Authority (ACP) won the arbitration ruling case in a long-standing dispute related to cost overruns against Grupo Unidos por el Canal (GUPC), a consortium which constructed the Expanded Panama Canal. The ruling was given by a Miami-based Arbitration court on Friday, according to which $265 million shall be returned to the Panama Canal Authority(ACP) by GUPC. The dispute was initiated in 2015, which mainly focused on the cost overruns largely dealing with the concrete quality.
At the CIT appeals, the locked up amount rising from rupees 5.19lac crores in 2017-18 to 5. 63 lac crose in 2018 -19. Even though a series of dispute resolution initiative included in the latest ‘vivad se viswas' which was scheme an Oft-articulated commitment to reduce the backlog of litigation by withdrawing frivolous pleas, the governments tax officers at the field level seem to have relented little when it comes to tax aggression.
Vodafone Group Plc has won the international arbitration case against Indian government in a $2billion retrospective tax dispute case on Friday in Hague at the Permanent Court of Arbitration. The Tribunal ruled that the Indian Government’s tax imposition on Vodafone is in breach of “fair and equitable” treatment. The Arbitration Tribunal has directed the Indian Tax Department to cease seeking the dues from the company and also pay INR 40 crores as a partial compensation for the legal costs.
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Business disputes- an overview
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