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The Bombay High Court has upheld arbitral awards directing the Board of Control for Cricket in India (BCCI) to pay a total of ₹538 crore to Kochi Cricket Private Limited (₹385.50 crore) and Rendezvous Sports World (₹153.34 crore) in connection with the now-defunct Kochi Tuskers IPL franchise. The court ruled that BCCI's termination of the Kochi IPL franchise in 2011 constituted a repudiatory breach of contract and dismissed BCCI's plea against the arbitration award. The legal dispute has been ongoing since the franchise's termination, and the court's decision marks a setback for BCCI, requiring the board to make the payments as ordered.
🚨 Bombay HC upholds arbitration order, orders BCCI to pay Kochi Tuskers INR 538 crore ✍️ @vijaymirror's report ⤵️ https://t.co/Ls7XDreR2W
The BCCI terminated the Kochi IPL franchise in 2011, and the parties have been involved in legal proceedings since then Full story: https://t.co/UD4QnGK3oE https://t.co/LYaR0dWliO
#BREAKING: The Bombay High Court has upheld arbitral awards and directed Board of Control for Cricket in India (BCCI) to pay ₹385.50 crore to Kochi Cricket Private Limited (KCPL) and ₹153.34 crore to Rendezvous Sports World (RSW) in connection with the now defunct Kochi Tuskers https://t.co/T4Am0qp5K9
