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The Indian cricket board has decided to waive off the financial penalty of $41.97 million that was imposed on the West Indies Cricket Board (WICB) for pulling out midway during their 2014 series against India, BCCI president Shashank Manohar stated.
Manohar has also said that the remaining part of that series will be played in 2017.
The ice in the bilateral relation between the two boards that had turned frosty was broken once WICB announced that India will be touring Caribbean for a four-Test series, this summer.
"That is now sorted out because they are going to come back and play here next year. They have to complete those [unfinished] games. That was a claim raised by the board. [We] would be satisfied by them coming and playing here," Manohar told ESPNcricinfo.
Manohar also told the website that the schedule will be finalised by the end of May. He said no other conditions were laid out by the BCCI during the talks with the West Indies board.
WICB president Dave Cameron, without elaborating, said: "We stand by whatever Mr Manohar says."
In October 2014, when West Indies captain Dwayne Bravo led the players' boycott, the team returned home after the fourth ODI against India in Dharamsala.
The tour was called off mid-way because of a pay dispute. Bravo and company had demanded then WIPA president Wavell Hinds's resignation along with other officials because of conflict of interest regarding payment issues.