The findings of this research clearly show that Myanmar will never take back Rohingya refugees from Bangladeshi camps. What they are doing now in the name of negotiation is just giving an eye-wash to the international community and gradually upgrading their military strength for a possible military confrontation.They are wasting time and frustrating their opponent. The deteriorating situation of the Rohingya crisis is seemingly heading towards a possible arm conflict, which can trigger ultimately a full scale war between the two neighboring nations. Consequently, such a conflict, may, unstable the entire south and south-east Asia. The far reaching outcome of a conflict or, eventually a total war, is unimaginable and may culminate into possible changes in their (Bangladesh and Myanmar) national boundaries. At this moment, it is not possible to say whether such a conflict, if takes place, would be a matter only to two neighbors or, involve other countries of Asia and further draw other global powers into it. If the international community does not address the Rohingya crisis right now and fails to find out any positive and effective solution that truly meet the legitimate demands being raised by the stranded refugees and also the conditions put by the Bangladeshi authority, the global community ultimately will lose its grip on the escalated situation. The impact would be far worse and beyond imagination and the political stability in south and south-east Asia and also at a global scale, undoubtedly may risk a tragic conclusion that the world can not expect at any circumstance. This research has used recent information and statistical data on developments implying the Rohingya refugee crisis and involve two neighboring countries of south Asia: Bangladesh and Myanmar. It is transparent that the Myanmar Government, since the inception of the crisis, has adopted a 'go slow' policy on repatriation issue of the refugees. At the same time, Myanmar is not paying any attention to the plight of the refugees and their legitimate demands. The entire world, since August 2017, knows about atrocities being carried out by the Myanmar army on Rohingyas - a legitimate ethnic population of Burma since 1948. The Union of Burma, at that time, had recognized the presence of Rohingya population as one of the 129 ethnic minority groups on its soil. The continuous pressure from the presence of Rohingyas in Bangladesh is insurmountable and, at the same time, unsustainable. Such enormous pressure has put Bangladesh on the brink. The Bangladeshi government and its people with international assistance, have been supporting the Rohingya refugees for the last two years, plus carrying, since 1978, an additional burden of another 300,000 Rohingya refugees that already staying in various camps inside Bangladesh. However, any such military conflict or if that is escalated into a total war, would not bring any positive result for the two countries concerned. Both nations would suffer dire consequences from a no-win war. Regional, and political experts warn that a separate Rohingya state could be emerged within a state or, Myanmar, on the other hand, may annex, backed by the external powers, a part of the east coast of the Bay of Bengal.