In a temporary relief to Indian Premier League (IPL) team Deccan Chargers,the Bombay High Court on Monday directed the Board of Control for Cricket in India (BCCI) to maintain status quo with respect to the termination of the franchisee.
The order was in response to a petition filed by Deccan Chronicle Holdings Limited (DCHL),the company which owns the IPL team. The company had challenged the termination of the contract with the franchisee,which is at present facing a financial crisis.
Their petition states that the decision of the BCCI is illegal and bad in law.
The BCCI on Friday had terminated the Deccan Chargers contract after it held an emergency meeting of the IPL governing council at Chennai.
Meanwhile,the BCCI in an affidavit also informed the court that it is not at present going to call out tenders for Deccan Chargers.
The BCCI intends to invite tenders for new teams for cities like Ahmedabad,Vizag (Visakhapatnam) and Coimbatore. No new tenders are going to be called for Deccan Chargers now, the affidavit stated.
No action till sep 24
Justice S J Kathawalla,who is hearing the case,has now placed the matter for hearing on September 24,and directed that no further action should be taken against the franchisee.
Deccan Chronicles Holdings had received a bid of Rs 900 crore by PVP Venture Capitals but surprisingly chose to reject it at the auction as it considered the price and terms unsuitable.