Kultejas News

Deccan Chargers case: Rs 4800 crore fine, what will BCCI do now?

new DelhiThe Board of Control for Cricket in India (BCCI) has been ordered to pay a compensation of Rs 4,800 crore for wrongly sacking Deccan Chargers, one of the early teams of the Indian Premier League (IPL). The Bombay High Court on Friday ruled in favor of Deccan Chronicles Holdings (DCHL).

A BCCI official said in a conversation that the decision is completely surprising, but a final decision will be taken only after looking at the entire order. However the board can appeal against this order. He said, 'To be honest, it has come as a surprise and it will be interesting to see what happens next. The arbitrator is relied upon and one can only make a proper assessment after reading the order. But you can be sure that the BCCI will appeal against this decision. '

The case dates back to 2012, when the BCCI terminated the Deccan Chargers contract and the Hyderabad franchise challenged the BCCI's decision. Deccan Chargers approached the Bombay High Court and to investigate the entire case, the court appointed retired judge C.K. Appointed Thakkar as the only arbitrator (arbitrator). The arbitration process started on the basis of the IPL franchise agreement.

DCHL had claimed damages and interest of Rs 6046 crore. During the hearing, the BCCI had clearly given the full rationale behind the decision to terminate it and made its claim.

Source link

Related posts

Leave a Comment

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More