Vivad se Vishwas-II scheme looks to settle financial disputes only

Centre notifies the scheme; disputes with states govts, another pvt firm not covered

Companies or entities in domestic contractual disputes with the central government and associated bodies only can seek to settle pending matters under the ‘Vivad se Vishwas II’ scheme, if no state government or any other private firm is party to the case, or if the dispute pertains to pending financial claims, and not any performance claims.

These are some of the conditions put in the draft scheme for one-time settlement under the Vivad se Vishwas II, put in the public domain by the Finance Ministry on Wednesday. Public comments and suggestions on the scheme are invited until March 8.

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