Bombay High Court stays Kings XI Punjab’s termination from IPL

December 8th, 2010 - 9:54 pm ICT by ANI  

Mumbai, Dec 8 (ANI): The Bombay High Court on Wednesday granted Kings XI Punjab an interim stay on its expulsion from the Indian Premier League (IPL) but said the franchise would have to satisfy certain conditions, which would include retaining the shareholding pattern and paying the Board of Control for Cricket in India (BCCI) a security for player fees.

The owners of Kings XI Punjab actress Preity Zinta, Ness Wadia (Bombay Dyeing), Karan Paul (Apeejay Surendera Group) and Mohit Burman (Dabur) had moved the court last month seeking redressal for the cancellation of its IPL contract by the BCCI in October.

Its petition contended that the termination was a “deliberate and calculated” move to ensure a new and more lucrative re-bidding process.

The BCCI had on October 10 terminated the Indian Premier League (IPL) franchise agreements of Rajasthan Royals and Kings XI Punjab over ‘breaches committed by the franchisees’.

The decision was taken in an IPL Governing Council meeting held in Mumbai. (ANI)

Related Stories

Tags: , , , , , , , , , , , , , , , , , , ,

Posted in Sports |

Subscribe