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Modi in March of last year seeking federal assistance did not yield any results. According to the Reuters' source, who is familiar with the matter, the matter failed to progress towards payday advance despite several follow up meetings between federal and state officials and Nissan executives. Hence, in August, Nissan gave India an ultimatum to appoint an arbitrator and the first arbitration hearing payday advance reportedly be in mid-December.


A senior Tamil Nadu state official admitted to Reuters that there is "no discrepancy with regard to the amount due", and added that the government hoped to resolve the dispute without having to go to international arbitration.


The Nissan spokesperson quoted in the report, however, chose not to elaborate on the matter, simply stating that the company was "committed to working with the government of India toward a resolution". Meanwhile, earlier this month, Vodafone Plc announced that an international arbitration tribunal will begin trial on Vodafone's challenge to India using a retrospective legislation to seek Rs 22,100 crore in taxes in February 2018.


These disputes not payday loan online only underline the various challenges that foreign companies face in India but could also undermine the Modi government's efforts to attract foreign investment. Daytona Nissan is located in the Daytona Auto Mall on N Tomoka Farms Rd near the LPGA and I-95 intersection. Daytona Nissan is the last dealership on your right hand side. Don't miss the turn, or you'll have to loop all the way back around on N Tomoka Farms Road to re-enter the loop.



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