BENGALURU -- A legal logjam stemming from India's slow-moving judiciary and complex tax system has locked up trillions of rupees within the South Asian nation's system of commercial tribunals, pressuring business cashflow and investment decisions.
Companies
India's commercial tribunal logjam locks up billions of dollars
Amounts under dispute are equivalent to 7.5% of GDP
A recent report by a think tank report found that $279 billion of business transactions remain locked in taxation and other disputes in commercial tribunals across India. (Nikkei montage/Source photos by Yuki Kohara)
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