Srinivasan’s counsel said that he would not be running for any post in the upcoming BCCI election.
One property owned by India Cements Limited headed by N Srinivasan was also attached by the ED on Thursday.
On Feb 18, CAB had moved to SC seeking contempt proceedings against Srinivasan for holding a BCCI meeting.
Srinivasan chaired a BCCI working committee meeting in Chennai and decided that the AGM would be held in his backyard.
Srinivasan emphasized how the BCCI had become financially even more powerful in the cricket world.
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.