The teams were locked in a 1-1 draw in Kolkata while ATK were denied a clear goal from their skipper Luis Garcia during their 1-2 away loss against Blasters in Kochi.
"I suppose they would argue that they drew the second game as well. I have seen the replay. Having won that game in Kochi it was close to say the least. Even the game at Kolkata was close, there was an opportunity that hit the bar late on. I think it will be a very good tie, it will be exciting," the former England goalkeeper, who played in the 2010 FIFA World Cup in South Africa, told reporters ahead of the match.
"There are a few players, who will miss out through injury or suspension but everyone else will want to play. We have rotated the squad a lot during the course of the season for one reason or another and I am confident that whatever team I pick will do their best and if they do their best, they should be good enough to win," he said.
ATK skipper Luis Garcia said it would be a good contest between the two sides and said Kerala's win in the league stage wouldn't matter as the tournament has been quite unpredictable.
James said it was ironic that the two clubs that made it to the final were owned by two cricketing greats when football was trying to make it big in the country.