TCS disposal litigation with Orange County for $26 million

India ' s largest IT services provider, IT major Tata Consultancy Services has expressed that it has disposed a regularly litigation with Orange County, California. The TCS Company has paid $26 million to dispose the three-year long debate. The debate was over a failed replacement to the county ' s automated property tax system that initially was to be completed by 2010 but was not delivered. “Tata Consultancy Services and Orange County have agreed to dispose a regularly debate about the joint development of a Property Tax Management System. Both parties had stated claims against each other, but neither admits any liability. According to TCS spokesperson, “The disposal was reached after a mediation which is conducted by Magistrate Judge Jay C Gandhi, representing a compromise between the two parties, versus the prospect of a lengthy trial in Orange County”. The settlement was reached after mediation was held late last month, the Board of Supervisors approved the settlement proposal of United States Magistrate Judge Jay C Gandhi. In a press statement, the County Executive office of Orange County said that Tata also approved the mediator ' s proposal, which resulted in a binding agreement. The county received notification on Friday 19 August 2016 that the $26 million settlement payment from Tata had been wired to the County Treasurer-Tax Collector. "In exchange for this payment, the County will now give up its lawsuit against Tata, which in turn will dismiss its cross complaint," said the statement.