Press Esc to close
Friday 31 October 2014
News updated at 4:40 PM IST
Weather
Max: 28.4°C
Min : 18°C
In Bangalore
Partially cloudy
Breaking News

HC orders status quo on Chargers

Mumbai, September 17, 2012, DHNS:

The Bombay High Court on Monday instructed the Board of Control for Cricket in India (BCCI) to maintain the status quo and desist from terminating the IPL franchise of the cash-starved Deccan Chargers owned by the Deccan Chronicle Holdings Ltd.
The matter has been posted for hearing for September 24.

The BCCI had, at an emergency meeting in Chennai on Friday, decided to terminate the contract of Hyderabad-based IPL franchise.

The next day, Deccan Chargers prayed to the High Court that BCCI's decision was illegal and bad in law. It also sought a stay on clearing fresh tenders for a team from Hyderabad.

The BCCI informed the court that it was not inviting tenders for the Deccan Chargers’ team, but for new teams from cities like Ahmedabad, Visakhapatnam and Coimbatore. However, the BCCI contended that Deccan Chronicles Holdings had been maintaining an obstinate stand on the issue.


“Every effort was made to save the franchise during the Chennai auction held last Thursday. Only when the default became a grave issue that an emergency meeting was called at Chennai on Friday evening,” sources said.

During the auction, Deccan Chronicle Holdings Ltd had rejected the only bid from PVP Venture Capitals worth Rs 900 crore, as it felt that the price and terms were inappropriate.

The board, in its official statement, also buttressed the argument, stating that the governing council, during its meeting, deliberated seriously on the ramifications of terminating the contract and expressed concern over the interest of players if there was a delay in taking a decision.

Go to Top

Photo Gallery
Security personnel patrol a street after a protest by the supporters of Jammu and Kashmir...

Security personnel patrol a street after a protest by the supporters of Jammu and Kashmir...

India A players Rohit Sharma and Manish Pandey during a practice match against Sri Lanka...

India A players Rohit Sharma and Manish Pandey during a practice match against Sri Lanka...

Indian Air Force officers arrive at the Gateway of India after swimming for a distance...

Indian Air Force officers arrive at the Gateway of India after swimming for a distance...

The Navy hovercraft carrying West Bengal Chief Minister Mamata Banerjee to Sagar Island...

The Navy hovercraft carrying West Bengal Chief Minister Mamata Banerjee to Sagar Island...

A Rajasthani herder with his cows in Gurgaon...

A Rajasthani herder with his cows in Gurgaon...

Devotees wait for the Sun to offer prayers, during Chhath Puja festival in Agra...

Devotees wait for the Sun to offer prayers, during Chhath Puja festival in Agra...

Sand artist Sudarsan Pattnaik creates a sand sculpture on Black Money with a message...

Sand artist Sudarsan Pattnaik creates a sand sculpture on Black Money with a message...

BJP workers arrange the cut-outs of party symbol (lotus) to decorate the boats at the Marine...

BJP workers arrange the cut-outs of party symbol (lotus) to decorate the boats at the Marine...

A police man investigates the tunnel dug up by the robbers in Gohana bank heist, in Sonipat...

A police man investigates the tunnel dug up by the robbers in Gohana bank heist, in Sonipat...

Bollywood megastar Amitabh Bachchan sweeps in a stree during a cleanliness drive as a part...

Bollywood megastar Amitabh Bachchan sweeps in a stree during a cleanliness drive as a part...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bangalore - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523