The Indian Premier League (IPL) has been surrounded with controversies in the past and in the latest streak of events, the Deccan Chargers (DC) franchise have their name getting viral on social media.
The Board of Control for Cricket in India (BCCI) will have to pay the sole arbitrator of Rs 4800 crore to DC. It was alleged that the termination of the franchise was illegal from the league. The franchise was terminated in the year 2012.
The Bombay High Court had appointed the arbitrator later that year to decide whether the termination on the basis of “irremediable breaches’’ was valid or not.
The BCCI had then stated that the players were not paid many banks were creditors of the franchise with collective dues of over Rs 4000 crore pending against DCHL.
After almost 8 years, Supreme Court Judge C K Thakker, via a virtual proceeding, pronounced the award orally.
Viraj Maniar of Maniar Srivastava Associates, the law firm firm for BCCI, said “the detailed award copy is awaited.”