BCCI invites tenders for IPL title sponsorship
MUMBAI: With the Delhi-based real estate firm DLF declining to renew its deal as the title sponsor of the Indian Prem
MUMBAI: UK broadcaster?s the BBC and Sky are in a dispute with the BCCI over the telecast of the upcoming India versus England series.
Reports indicate that Sky Sports might provide commentary from London rather than from India due to a dispute in the fee that cricket?s richest board is asking for. Negotiations have been going on a week.
The BBC might also not have radio commentary from India but do it from the UK. The BCCI is asking for ?500,000 from Sky and ?50,000 from the BBC for using facilities. Reports also indicate that if the deadlock is not broken then it will be the first time in two decades that an England overseas tour will not have commentary from the venue.
MUMBAI: The Supreme Court has struck down the Special Leave Petition filed by Deccan Chronicle Holdings Limited‘s to stay the termination of its IPL team Deccan Chargers by the BCCI thereby dashing all hopes for the media company to get back the team and sell it to pay off debt.
The bench headed by Chief Justice Altamas Kabir dismissed DCHL‘s plea seeking extension till 25 October for furnishing Rs 1 billion bank guarantee. The bench also comprised Justice SS Nijjar and Justice J Chelameswar.
DCHL had moved Supreme Court against Bombay High Court‘s order of setting aside the status quo order passed by the Bombay High Court. However the apex court declined to interfere with High Court‘s decision.
The apex court also accepted BCCI‘s submission that the termination of contract has come to effect from 12 October, the deadline set by Bombay High Court for DCHL to furnish bank guarantee.
The Court had on 9 October extended deadline by three days to allow DCHL more time to furnish bank guarantee while warning that failure to do so would mean that the BCCI‘s termination of Deccan Chargers would stand.
"The position today stands that the agreement between Deccan Chargers and BCCI is terminated and the effect of extension of time to deposit the bank guarantee will amount to forcing the contract," the bench said.
"It has been pointed out by the BCCI about the fact of termination of contract which is effective from October 12. In such circumstance we are not inclined to entertain the Special Leave Petition (SLP)."
The Bench, however, added that the order will not affect the arbitration proceedings between the Deccan Chargers and the BCCI. The Bombay High Court had last month appointed CK Thakkar as the arbitrator to look into the legality of the termination of Deccan Chargers termination from IPL.
DCHL through senior advocate Mukul Rohatgi contended that it should be given a chance to furnish the bank guarantee by 25 October. BCCI‘s counsel CA Sundaram opposed DCHL‘s plea saying that the media company was heavily indebted and had failed to meet the obligation towards banks and financial institutions.
Earlier, the Bombay HC had refused to grant any interim relief to DCHL against termination of its franchise agreement by the BCCI.
Justice RD Dhanuka had quashed the status quo order passed by the arbitrator contending that the arbitrator is not "superior" to the high court and cannot pass an order which overrides the high court‘s direction.
The arbitrator had passed an order directing BCCI not to go ahead with its termination of Deccan Chargers following which the BCCI challenged the order in High Court and secured a stay.
With termination notice standing, the DCHL‘s attempt to sell the franchise to Mumbai-based real estate firm Kamla Landmarc proved a non-starter. Kamla Landmarc is believed to have committed Rs 12.5 billion for acquiring the franchise.
MUMBAI: The Bombay High Court has quashed all hopes for cash-strapped Deccan Chronicles Holdings Limited (DCHL) by setting aside the status quo order passed by the arbitrator granting relief to its IPL team Deccan Chargers.
In a double whammy, the court had also refused to grant any interim relief to DCHL against termination of its franchise agreement by the BCCI. The Court said that the legality of the termination would be decided by the arbitrator.
With this order, Deccan Chargers termination from IPL stands as was the case on 12 October when the franchise had failed to furnish Rs 1 billion bank guarantee following which it was ousted from the season 6 of IPL.
Justice RD Dhanuka quashed the status quo order passed by the arbitrator after hearing a petition filed by the Board of Control for Cricket in India (BCCI). While passing the order, Justice Dhanuka said that the arbitrator is not "superior" to the high court and cannot pass an order which overrides the high court?s direction.
"Arbitrator had no jurisdiction to grant status quo. On the same day (12 October), the high court had denied extension of time to DCHL to furnish Rs 100 crore (Rs 1 billion) bank guarantee as directed by the court on October 1," Justice Dhanuka said.
He also said that once the Court has rejected relief, the plea made before the arbitrator is not maintainable.
Justice Dhanuka also noted that the order passed by Justice SJ Kathwala on 1 October directing DCHL to furnish bank guarantee was "self operative and protective of the interests of both DCHL and BCCI".
He refused to grant any relief to DCHL since it has still not been able to furnish bank guarantee. "DCHL has still not furnished bank guarantee. Hence there is no change in circumstances to grant relief to DCHL. No case is made out for interim relief for granting stay on termination. The application seeking stay is a gross abuse of law," Justice Dhanuka said.
The DCHL had on Wednesday requested the court to grant relief contending that the termination of Deccan Chargers was not anybody?s interest whether it is owners, players or lenders. It also pointed out that DCHL has till now invested Rs 6 billion in the franchise.
Retired Supreme Court Judge C K Thakkar, who was last month appointed as the arbitrator, had passed an order last week directing BCCI not to go ahead with its termination of Deccan Chargers following which the BCCI challenged the order in High Court and secured a stay.
Backed by its lenders, DCHL had said that it was ready to furnish bank guarantee by 9 October as directed by the court on 1 October. However, it could not furnish bank guarantee by the designated time following which the court granted it three more days to furnish the amount.
Despite extension of deadline, DCHL was unable to furnish irrevocable and unconditional bank guarantee of Rs 1 billion by 12 October which led to its termination from the IPL after the court refused to grant more time to DCHL to furnish bank guarantee.
The Court had said in its 1 October order that the BCCI?s termination notice would stand if DCHL fails to furnish bank guarantee. The interim relief provided by the arbitrator also proved short lived as the court stayed the status quo order passed by the arbitrator extending deadline for submitting bank guarantee.
With termination notice standing, the DCHL?s attempt to sell the franchise to Mumbai-based real estate firm Kamla Landmarc proved a non-starter. Kamla Landmarc is believed to have committed Rs 12.5 billion for acquiring the franchise.
The DCHL plea comes on a day when IPL Governing Council is meeting in Mumbai to discuss the termination of Deccan Chargers and the fate of the players since 31 October is the deadline for resigning players.
Earlier, the BCCI had floated tenders for a new franchise after terminating Deccan Chargers.The tender notice for a fresh franchise invites bids in respect of 12 cities including Ahmedabad, Cuttack, Dharamsala, Indore, Kanpur, Kochi, Nagpur, Noida, Rajkot, Ranchi, Hyderabad and Visakhapatnam.
MUMBAI: The last word on the BCCI-Deccan Chargers has not been said yet as the Bombay High Court Wednesday reserved its order till tomorrow on an appeal filed by the Board of Control for Cricket in India (BCCI).
The BCCI had approached Bombay HC challenging the ‘status quo‘ order passed by an arbitrator in its dispute with financially distressed Deccan Chronicle Holdings Limited (DCHL). The hearing on the issue was today.
Retired Supreme Court Judge C K Thakkar, who was last month appointed as the arbitrator, had last week passed an order directing BCCI not to go ahead with its termination of Deccan Chargers following which the BCCI challenged the order in High Court and secured a stay.
Earlier Deccan Chargers had faced termination from the IPL following DCHL?s inability to furnish irrevocable and unconditional bank guarantee of Rs 1 billion by 12 October.
Backed by its lenders, DCHL said that it was ready to furnish bank guarantee as directed by the court on 1 October. DCHL lenders have also filed a plea seeking interim relief against the termination of the franchise.
The Court had on 12 October refused to grant more time to DCHL to furnish bank guarantee after the company failed to meet the deadline for furnishing bank guarantee contending.
The Court had said that the BCCI‘s termination notice would stand if DCHL fails to furnish bank guarantee. The interim relief provided by the arbitrator also proved short lived as the court stayed the status quo order passed by the arbitrator extending deadline for submitting bank guarantee.
With termination notice standing, the DCHL‘s attempt to sell the franchise to Mumbai-based real estate firm Kamla Landmarc proved a non-starter. Kamla Landmarc is believed to have committed Rs 12.5 billion for acquiring the franchise.
The DCHL plea comes on a day when IPL Governing Council is meeting in Mumbai to discuss the termination of Deccan Chargers and the fate of the players since 31 October is the deadline for resigning players.
Earlier, the BCCI had floated tenders for a new franchise after terminating Deccan Chargers.
MUMBAI: After BCCI terminated Deccan Chargers and floated a tender for a new IPL franchise, it is the IPL Governing Council which has decided to meet here on 17 October to chalk out future strategy for the tournament.
IPL GC is expected to discuss the termination of Deccan Chargers for breach of contract.
The meeting also holds significance since it is happening at a time when the 31 October deadline of re-signing players is looming large. All the franchises are expected to renew contracts with their existing players.
"There is a meeting of the IPL Governing Council in Mumbai on October 17th. I don?t know any other details," said BCCI CAO Prof Ratnakar Shetty.
IPL GC is made up of Chairman Rajeev Shukla, Arun Jaitley, Anirudh Chaudhary, Dr G Ganga Raju, Sanjay Patel, Amitabh Choudhary, Ravi Shastri and M P Pandove.
The Deccan Chronicle Holdings Limited (DCHL), the parent company of Deccan Chargers, was unable to furnish a bank guarantee of Rs 1 billion which meant that its association with IPL ended. The Court had clearly said that the termination notice will stand if DCHL fails to provide Rs 1 billion unconditional and irrevocable bank guarantee.
Following DCHL?s inability to furnish bank guarantee as per Court direction, the arbitrator had passed a status order thereby throwing a lifeline at the beleagured media company.
The status order passed by the arbitrator also gave five more days to DCHl to furnish bank guarante despite the Bombay HC refusing to entertain their plea to extend the deadline. The BCCI had obtained a stay order from the Bombay HC against arbitrators decision thereby dashing its hopes of entering IPL.
The DCHL had on Friday also announced that it was in talks with real estate firm Kamla Lanmarc to sell the franchise. However the deal could go for a toss now that the termination notice is in effect.
The BCCI had on Sunday invited tenders for a new IPL team.
The tender notice for a fresh franchise invites bids for 12 cities: Hyderabad, Ahmedabad, Cuttack, Dharamsala, Indore, Kanpur, Kochi, Nagpur, Noida, Rajkot, Ranchi and Visakhapatnam.
The last date for submission of the bids is 25 October. Bids can be collected from today. Under this invitation to tender, the winning bidder will be granted the right to own and operate a new team which will compete in the IPL from 2013 onwards.
switch
switch