The Indian cricket board would hold discussion with its West Indies counterpart shortly to resolve the dispute resulting from the Caribbeans abruptly cancelling their tour to India late last year.
In a statement, Board of Control for Cricket in India (BCCI) president Jagmohan Dalmiya hoped the issue would be resolved through discussions with the West Indies Cricket Board in the interest of the game.
The West Indies, who were in India to play five One Day Internationals, a Twenty20 International and three Test matches, left the country midway after the fourth One Dayer in Dharamsala on October 17 owing to a raging pay dispute between the WICB and the Caribbean cricketers.
The BCCI is understood to have demanded $41.97 million as damages from the WICB on account of losses suffered by it due to the abrupt cancellation of the tour.
"We are hopeful that we would be able to resolve the issue through mutual discussions shortly. This would be in the interest of the game and it would also be in tune with the decision of the Working Committee in the subject issue," said Dalmiya.
The statement recalled that in the BCCI Working Committee Meeting in Kolkata on April 26, Dalmiya had informed the members that the WICB had requested for a meeting to amicably resolve the impasse.