Srinivasan has also informed the IPL governing council about CSK’s demerger from India Cements.
By amendment to rule 6.2.4, administrators were allowed to hold stakes in events like IPL.
Bedi said he is rather unhappy with the turn of events and the verdict is very sad for Indian cricket.
Sharad Pawar said the SC decision will bring an end to all the unwanted things in Indian cricket for some time.
The Supreme Court on Wednesday reserved its judgment on the fate of ousted BCCI chief N Srinivasan.
The court will resume hearing arguments on the petition by the Cricket Association of Bihar (CAB) on Wednesday.
BCCI counsel CA Sundaram opposed it raising the question of the board’s autonomy as a private society.
It also clarified that the new panel will be a “very high-power committee” which can address the issues relating to conflict of interest.
SC objected to Srinivasan attending Tamil Nadu Cricket Association meetings despite stepping aside BCCI chief.
The apex court completely ruled out Srinivasan’s claim of no conflict of Interest.
Srikanth was widely criticized for being a CSK official despite being the chairman of the selection committee.
The court also questioned BCCI if it was willing to take actions against all the persons after the Mudgal probe.
Nalini Chidambaram, counsel for the CABihar, started her arguments by reading out certain portions from the first report.
The apex court also pointed that the benefit of doubt should go in favour of the game rather than any individual.
In an affidavit filed on Friday, the BCCI said that the violation was of minor nature so the player was orally reprimanded.