The Board of Control for Cricket in India (BCCI) has finally won the legal battle against Deccan Chronicle Holdings (DCHL), owners of the former Indian Premier League (IPL) franchise Deccan Chargers. The franchise had won the second edition of IPL, was terminated after the 2012 season after the owners failed to submit the bank guarantee to the cricket board.
The bank guarantee to be paid to the board was ₹100 crores. However, DCHL challenged the termination and initiated an arbitration process in the Bombay High Court, which could have cost BCCI a humongous amount of ₹4,800 crores. Nevertheless, the BCCI has won the long-pending legal battle, and the officials are delighted with the development.
As per the quotes in Zee5, a BCCI official said, “We are extremely happy with the development. It has vindicated our position as we had always followed what was in the agreement.”
ALSO READ: KL Rahul And Athiya Shetty Strike A Pose In The Latest Instagram Post
According to the reports, in July 2020, BCCI was ordered to pay as many as ₹4800 crores to DCHL after the firm had demanded ₹6046 crores plus interest and charges. While reacting to the development back in July 2020, a BCCI official had made it clear that an appeal was on the cards as the board strongly believed it had a potent case.
Meanwhile, Deccan Chargers featured in five IPL seasons and they witnessed a couple of impressive campaigns and under Adam Gilchrist’s leadership, the Hyderabad-based franchise even clinched the title in the 2009 edition. Many prominent players like Andrew Symonds, Rohit Sharma, Pragyan Ojha, and RP Singh plied their trade for the chargers. However, they didn’t feature in the tournament after 2012 and another franchise from Hyderabad, Sunrisers Hyderabad, came in the picture.
ALSO READ: Gary Stead Says England Series Won’t Help New Zealand In WTC Final
Owned by the Sun Group, SRH has enjoyed a great time in IPL and even clinched the prestigious title in 2016. In fact, they are the only side to have qualified for the playoffs in the last five IPL seasons. However, their campaign in the 2021 edition of the IPL was a forgettable one, as they suffered seven losses out of their first eight games before the season got postponed.
