IPL staff in Chennai 13 September 2012 - 03:17pm IST
Deccan Chronicle rejects bid for Invitation to Tender
BCCI plays no role in franchise's decision
The Invitation to Tender that was announced on 6 September 2012 by Deccan Chronicle Holdings Limited, under the aegis of BCCI, concluded today under the observation of Mr. Narvekar, appointed by the Mumbai High Court.
The bid that was received by Deccan Chronicle Holdings Limited met the BCCI’s eligibility and suitability criteria. The bid was then reviewed by Deccan Chronicle Holdings Limited who, in its discretion and with no role being played by BCCI, rejected the bid on the basis of the payment terms offered by the bidder.