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BCCI loses appeal against Kings XI Punjab

A day after the Rajasthan Royals celebrated taking a step closer to returning to the IPL fold, it was the turn of Kings XI Punjab to feel the same elation today.

KXIP had much to celebrate after the divisional bench of the Bombay High Court upheld the order of the single bench that had stayed the termination of the Indian Premier League franchise by the BCCI.

The BCCI, which on Monday had filed an appeal against the initial decision, was also slammed by the High Court as it said the termination of KXIP was defective.

On Tuesday, the Bombay High Court had upheld the order passed by an independent arbitrator granting stay to the termination of the Royals' contract.

Justice SJ Vazaifdar had dismissed an appeal filed by BCCI challenging the stay granted by the arbitrator and permitted the Royals to participate in the IPL-4 auction that is to be held on January 8 and 9.

The Court has also imposed a condition on the Royals directing them to file confirmation before it by January 3 specifying full details of its ownership pattern and mode of control; apart from directing the IPL franchise to submit USD 2.83 million as guarantee to the BCCI for the contract and USD 18 million as bank guarantee for the players.

Meanwhile, a BCCI source said on Tuesday night that the Indian cricket board is likely to move the Supreme Court challenging High Court's decision regarding the Royals.

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