BCCI granted relief from paying INR 4816 crore to Deccan Chargers

BCCI granted relief from paying INR 4816 crore to Deccan Chargers

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The Bombay High Court set aside an arbitration order won by the former IPL franchise

The BCCI has been relieved of paying up INR 4816 crore (USD 642 million approx) after the Bombay High court set aside the arbitration award won by Deccan Chronicle Holdings (DCHL), the promoter of the former IPL franchise Deccan Chargers, on Wednesday.

Justice GS Patel ruled that the award had “rewarded the party in unquestionable breach of its contractual obligations” and there wasn’t sufficient evidence that Deccan Chargers weren’t in breach of contract during termination.

Deccan Chargers had won the award through an arbitration process initiated by the Bombay High Court after they challenged the termination of their contract in September 2012.

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