KKR violated franchise contract: RoC
The Knight Rider Sports, owners of the Kolkata IPL team, is alleged to have violated the agreement it signed with the BCCI.Updated: May 06, 2010 00:29 IST
The Knight Rider Sports (KRS), owners of the Kolkata IPL team, is alleged to have violated the agreement it signed with the BCCI. The KRS, in which Shahrukh Khan and his wife Gauri Khan hold controlling stake, has allotted equity to Bollywood actress Juhi Chawla in March 2009, without seeking approval of the BCCI, as required under the IPL franchisee contract.
"There was a change in control of the company subsequent to the execution of Franchisee Agreement, which is in violation of the clauses of the agreement pertaining to transfer of stake," said the report sent by RoC-Mumbai to the Ministry of Corporate Affairs. The report said that in March new equity shares of 40 lakh were allotted to Juhi Chawla in KRS.
Bombay HC wants Pawar as party
Raising questions over "conflict of interest" if a minister was a member of a cricket body, the Bombay High Court today directed impleading the Union govt in a PIL seeking levy of entertainment tax on IPL matches and allowed making Agriculture Minister Sharad Pawar a party to the case.
A division bench of Justices P B Majmudar and R G Ketkar asked the petitioner to make Pawar a party if he wanted to make allegations against him.