The Hindu reported that the Indian coal ministry has ruled out arbitration proceedings with The Children's Investment Fund TCIF, stating that the issue could be resolved amicably.

Mr Alok Perti India’s coal secretary said “I think the matter can be solved without arbitration and amicably.”

He said “I have told TCIF if they have any issues they could send us representation. In case of commercial issues such as pricing, they should talk to CIL.”

The development follows TCIF, a minority shareholder in CIL, serving notice on the Central Government for alleged violations of international treaties. The London based hedge fund alleged violation of international treaties related to its investments in Coal India Ltd.


Source - The Hindu

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