Bombay High Court rules in favour of BCCI, sets aside arbitrators' order of paying Deccan Chargers 4800 crores

In a major relief to the Board of Control for Cricket in India (BCCI), the Bombay High Court bench of Justice G S Patel set aside an arbitrator's order that directed it to pay over Rs 4800 crore to Deccan Chronicle Holding Ltd regarding dispute for termination of IPL team.

The Bombay High Court bench of Justice G S Patel set aside an arbitrator's order that directed the Board of Control for Cricket in India (BCCI) to pay over Rs 4800 crore to Deccan Chronicle Holding Ltd regarding a dispute for termination of the IPL team. The BCCI had challenged the July 2020 verdict asking it to pay INR 4800 crore. After BCCI conceptualized the IPL T20 tournament in 2008, DCHL was declared successful bidder for franchise Deccan Chargers from Hyderabad, and an agreement was signed between Deccan Chargers and the BCCI for ten years. Deccan Chargers, owned by Deccan Chronicle Holdings Limited (DCHL), was one of the eight original teams of the Indian Premier League. It had also won the 2009 edition of the IPL, under the captaincy of Adam Gilchrist.