BCCI wins legal battle against Deccan Chargers, Marketing & Advertising News, AND BrandEquity
In what constitutes a major boost for the Board of Control for Cricket in India (BCCI), it won a legal battle against Deccan Chronicle Holdings (DCHL) as the Bombay High Court ruled in favor of the Indian council.
Speaking to ANI, a BCCI official familiar with the developments said it was a welcome move.
“We are extremely satisfied with the development. This justified our position as we have always followed what was in the agreement,” said the official.
Getting back to the matter, IPL’s board of directors terminated Deccan Chargers in 2012 and the franchise contested the termination.
They had approached the Bombay HC and the arbitration process started with Judge (ret’d) CK Thakar as sole arbitrator and BCCI was ordered to disburse Rs 4800 crore to DCHL in July 2020. This after DCHL claimed damages of Rs 6,046 crore plus interest and costs according to reports.
Responding to the development in July 2020, a BCCI official made it clear that a call was on the cards as the board firmly believed he had a very good record.