HC upholds stay on King8217;s XI termination

8220;It is abundantly clear that BCCI wanted to terminate the contract on the basis of what was factually incorrect. Termination was anything but fair and was wholly arbitrary,8221; observed the Court.

The order means the Mohali franchise can take part in the BCCI8217;s players auction to be held on January 8 and 9.

The Division Bench cited seven circumstances which supported the decision of the single bench.

8220;The members of the consortium had exercised control of franchise,8221; the Division Bench observed.

8220;Neither Dabur nor Windy Investments had exercised 100 per cent control of franchise and all these companies belonged to Mohit Burman. There was no change in share pattern,8221; the division bench said.

The division bench also rejected BCCI8217;s argument that under the franchisee agreement King8217;s XI Punjab can8217;t seek injunction from any court and have to go for arbitration,saying,8221;this will not apply here8221;.

Franchise owners Preity Zinta,Ness Wadia and Mohit Burman,who were present,rejoiced over the verdict.