After a major boost when the Board of Control for Cricket in India (BCCI) won a legal battle against World Sports Group (WSG), it has suffered a blow as Bombay High Court-appointed arbitrator relinquished an award in support of now-defunct IPL side Deccan Chargers which may see the Indian board having to husk out Rs 4800 crore to Deccan Chronicle Holdings.
What did the officials say?
Meanwhile, the board’s former legal chief released a statement, “One has to secure the amount stated in the arbitrator’s order before appealing against that decision in the court which appointed the arbitrator. It was in 2015 and I said the BCCI should appeal against the appointment of the arbitrator on the grounds of bias. But the BCCI did not listen to me,” said UN Banerjee.
An appeal though is on the cards from the board against the award.”To be honest it has come as a surprise and it would be fascinating to see what the Ld. The arbitrator has relied upon and one can only make a proper assessment only upon reading the order but you can be sure that the BCCI would go in appeal against this award since it does have a very good case,” he pointed.
P. Raghu Raman former Senior Counsel representative of BCCI said: “Now that a binding arbitration award has clearly pointed out the fraudulent conduct of Lalit Modi and others from WSG group, the police complaint given by BCCI to prosecute these persons at least at this stage should be acted upon.” The future of BCCI could resist various facilities and players will be affected in the end.
