Sourav Ganguly moves Bombay HC for enforcing arbitral award of over Rs 35 cr against former managing company

Sourav Ganguly has approached the Bombay High Court for enforcement of an award by an arbitral tribunal awarding him over Rs 35 crores payable by his former management companies - Percept Talent Management Ltd. and Percept D Mark (India) Ltd.

President of the Board of Control for Cricket in India (BCCI), Sourav Ganguly, has moved to the Bombay High Court for enforcement of an award by a three-member arbitral tribunal awarding him over Rs 35 crores payable by his former management companies. In the plea, Ganguly has sought that the companies - Percept Talent Management Ltd. and Percept D Mark (India) Ltd should disclose their assets. As an interim relief, he has also sought that the companies should be restrained from doing any transactions on the properties. This is because, Ganguly, through his lawyers, Nankani & Associates raised a concern that the directors of the companies have systematically siphoned off the funds from their accounts to other companies. Ganguly's lawyers showed this as "urgency" for the matter to be heard immediately by the Bombay HIgh court.