High court reprieve for Chargers' owners
The Bombay high court ordered the Board of Control for Cricket in India (BCCI) on Monday to maintain status quo regarding termination of the troubled IPL franchise, Deccan Chargers. HT reports.cricket Updated: Sep 18, 2012 01:51 IST
The Bombay high court ordered the Board of Control for Cricket in India (BCCI) on Monday to maintain status quo regarding termination of the troubled IPL franchise, Deccan Chargers.
Acting on an arbitration petition filed by Deccan Chronicle Holdings (DCH) Limited, owners of the Chargers, against the BCCI action, the court directed BCCI not to take any action until the next hearing on Monday.
DCH has challenged the board's decision, contending that it was illegal and sought interim protection from the court on the grounds that BCCI was already planning to invite tenders from a team owner from Hyderabad.
BCCI denied the charge. "The BCCI intends to invite tenders for new teams for cities like Ahmedabad, Vizag and Coimbatore. No new tenders are going to be called for Chargers now," it said in an affidavit. The DCH counsel Zal Andharyujina told the court that the team owners have effectively resolved the issue of payment of dues to Indian and foreign players. He informed the court that DCH had on Saturday issued pay orders to the tune of R33 crore to clear all the dues of players up to December.
The IPL Governing Council terminated the franchise agreement with DCH after the company rejected a bid of R900 crore offered by PVP Venture Capitals at an auction held in Chennai, terming it unsuitable.
First Published: Sep 17, 2012 19:46 IST