Bank offers conditional backing to DC
Yes Bank filed a plea on Tuesday offering conditional financial support to the beleagured Deccan Chargers, as the Bombay High Court heard the petition filed by owners Deccan Chronicle Holdings Limited (DCHL) against the Indian cricket board's decision to terminate the beleagured IPL team.
The bank laid down three conditions - the BCCI should withdraw the decision to terminate DC, the franchise should deposit all money received by it in its Yes Bank account and the board should also release the amount due to the IPL team.
Justice Kathawalla has now posted the arbitration petition filed by DCHL for further hearing on Wednesday to allow the counsel of the team owners to respond to the Yes Bank plea.
Women’s WT20 to start today
Galle: The women’s World T20 will start here with hosts Sri Lanka taking on South Africa on Tuesday. India’s campaign will kick off a day later when they take on Australia on Thursday.