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The Hon’ble Supreme Court has dismissed the SLP filed by DCHL against the order of 18 October 2012 given by the Hon’ble Bombay High Court which set aside the status quo order of the Learned Arbitrator. Hence the termination of Deccan Chargers remains undisturbed.
The BCCI wishes to clarify that all players dues for the last season have been met in respect of players who represented Deccan Chargers in IPL 2012
Bombay High Court stays Order of Arbitrator despite DCHL appeal
By IPL Desk
Mumbai 13 October 2012
The termination of Deccan Chargers franchise was challenged in the Hon’ble Bombay High Court by the DCHL pending the arbitration. A Conditional Order of stay was granted by the Hon’ble High Court pending arbitration on 1st October 2012. The condition to give BCCI a Bank Guarantee of a Nationalized Bank for ` 100 Crores by 5.00 p.m. on 12.10.2012 to cover expenses of IPL – 6, was breached by DCHL.
Notwithstanding the Hon’ble High Court’s refusal to extend time to DCHL, the Learned Arbitrator passed the Order of Status quo last evening (12.10.2012).
BCCI moved an appeal against the Order of Arbitrator and the same was heard today morning. The Hon’ble High Court was pleased to stay the Order of Arbitrator after hearing both the parties.
Thus, the termination of DC Franchise stands. SANJAY JAGDALE