IPL ordered by court to pay whooping Rs 4,800 crore to Deccan Chargers for illegal termination

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While the global pandemic novel coronavirus has cancelled the 13th edition of the Indian Premier League (IPL) in March and it is likely to take place later this year if the upcoming ICC T20 World Cup will postpone, the Board of Control for Cricket in India has come in the limelight once again for the league as the now-dysfunctional franchise Deccan Chargers have won the arbitration case against them.

Image Courtesy: Thinkstock/Yahoo

Retired Justice CK Thakkar – Bombay High Court-appointed arbitrator has delivered the verdict on July 17 and also shared that BCCI has to pay Rs 4,800 crore to the franchise as compensation by September this year.

Deccan Chargers had won the Indian Premier League title in 2009, the second edition of the cash-rich league when Hyderabad-based media house Deccan Chronicle owned the franchise. But the things didn’t go well when the promoter faced the financial issues.

Deccan Chronicle was represented by the Dhir and Dhir Associates whereas Maniar Srivastava Associates represented the Board of Control for Cricket in India (BCCI) in the arbitral proceedings.

“BCCI had terminated the contract of Deccan Chronicle a day before. The challenge was in respect of illegal and premature termination and the tribunal has also come to the conclusion that the termination was premature,” Ashish Pyasi, associate partner of Dhir and Dhir Associates, said to Moneycontrol.

Deccan Chronicle, however, had challenged the ‘alleged illegal termination’ in the Bombay High Court way back in 2012.

However, earlier in 2017, a similar arbitration case was won by the owners of another dysfunctional franchise – Kochi Tusker Kerala. BCCI had later arranged for a tender and the Sun TV Network bought the franchise which has been rebranded and playing as Sunrisers Hyderabad.

However, the BCCI are likely to appeal after getting the orders. While speaking to IANS, a BCCI official shared that the turn of events was surprising, but a final call will be taken only after checking the complete order. An appeal though is expected from the board against the award as well.

“To be honest it has come as a surprise and it would be fascinating to see what the Ld. Arbitrator has relied upon and one can only make a proper assessment only upon reading the order but you can be sure that the BCCI would go in appeal against this award since it does have a very good case,” he said.

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