Bombay HC issues notice on BCCI’s appeal against Rs 538 crore arbitration awards to defunct Kochi Tuskers
Court restrains withdrawal of money deposited by BCCI
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The franchise took part in only one season of the IPL, in 2011, under a consortium led by RSW and KCPL (Archive)The Bombay High Court on Friday issued notice in appeals filed by Board of Control for Cricket in India (BCCI) challenging a single-judge bench order that upheld two arbitration awards worth over Rs 538 crore granted in favour of the now-defunct Indian Premier League franchise Kochi Tuskers Kerala.
A division bench of Justice Shree Chandrashekhar and Justice Manjusha Deshpande restrained Rendezvous Sports World (RSW) and Kochi Cricket Private Limited (KCPL) from withdrawing the amounts already deposited by the BCCI for eight weeks.
The BCCI filed an appeal against the June 18 verdict of the single-judge bench of Justice Riyaz I Chagla that dismissed the BCCI’s plea challenging arbitral awards.
The franchise took part in only one season of the IPL, in 2011, under a consortium led by RSW and KCPL.
The dispute began after the BCCI in September 2011 terminated the Kochi Tuskers Kerala due to alleged breach of the franchise agreement.
Aggrieved RSW and KCPL began arbitration proceedings alleging “wrongful” termination. On June 22, 2015, the arbitral tribunal awarded over Rs 384.83 crore to KCPL and over Rs 153.34 crore to RSW, along with interest and costs.
The BCCI challenged the award before Bombay HC, which was upheld on June 18. Justice Chagla had held that arbitrator’s conclusion was substantiated by records and there were “no valid grounds” and “no patent illegality” raised in BCCI’s two pleas to warrant interference with the arbitration awards.
Justice Chagla had permitted the KCPL and RSW to withdraw amounts deposited by the BCCI after six weeks. However, the BCCI filed an appeal against the single-judge bench order.
The two-judge bench is likely to begin the final hearing on BCCI’s appeal from September 17.
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