BCCI (Board of Control for Cricket) in India has won the appeal against the Arbitration Award in favor of Deccan Chargers of the IPL. The BCCI had challenged the Deccan chargers against the July 2020 award, asking it to pay INR. 4800 crore, in the High Court of Bombay.
This case is related to the BCCI’s decision of terminating the franchise agreement with Deccan Chargers in September 2012, which was challenged by the Hyderabad team. The court then appointed retired justice CK Thakkar as sole arbitrator in the case. Last July, the arbitrator was awarded 4800 crore in favor of the defunct IPL team.
“It is a major relief for the BCCI. The Arbitration Award was very huge, close to Rs 5000 crore. We are thankful to the honourable court,” said a BCCI office-bearer while Raju Subramaniam, the BCCI counsel, who had represented the board in the arbitration case, said the verdict vindicates the BCCI stand. “The Arbitration Award was unsustainable. The franchise had not performed its duties and sought compensation. The award could not have been sustained,” the BCCI counsel said.
On June 16, the Bombay High Court bench set aside the Retired Justice CK Thakkar’s award and stated that the INR. 4814.67 crore compensation for the now-defunct Hyderabad team was illegal. BCCI was represented by Solicitor General of India, Tushar Mehta among others. Advocates Samrat Sen, Kanu Agrawal, Indranil Deshmukh, Adarsh Saxena, R Shah and Kartik Prasad were other advocates of the BCCI, which also had assistance from legal firm Cyril Amarchand Mangaldas .
The dispute arose when N Srinivasan, terminated the contract of Deccan Chargers five years into their 10-year franchise agreement and awarded the Hyderabad franchise to Sun TV. Deccan Chargers, one of the eight founding teams of the IPL, challenged the termination. Since Sun TV took over reins of the franchise, the name of the team has since been changed to Sunrisers Hyderabad.