Anuradha Dutt feels that this is a positive move by the government. She said there is also a need for clarity in the law itself, as investors would shy away if they aren't sure about the norms.
Sources have indicated that the Cabinet will not withdraw the conciliation process and the company will be given some more time to agree to the terms of conciliation.
Dutt Menon Dunmorrsett partner Anuradha Dutt and Vodafone counsel says, on CNBC-TV18, that conciliation is formal manner of resolving issues and is not adversarial.
The Authority for Advance Ruling today once again adjourned the hearing on the Vodafone-Essar tax liability case. In an interview CNBC-TV18, Aakanksha Sethi, Anuradha Dutt, Partner, Dutt Menon Dunmorrsett, speaks about the issue and gives her outlook going forward.