BOMBAY HIGH COURT SETS ASIDE ARBITRATION AWARD DIRECTING BCCI TO PAY OVER RS 4, 800 CRORES FOR TERMINATION OF DECCAN CHARGERS FROM IPL The Bombay High Court has set aside an arbitration award which awarded DCHL a compensation of Rs 4, 814.67 crores plus 10% interest from 2012, plus costs, on finding that the Deccan Chargers teams termination from IPL was illegal. The dispute was pertaining to a notice served by BCCI terminating the franchise agreement with DHCL. The termination was stayed by the Bombay High Court, and made final after DHCL failed to submit a bank guarantee. Arbitration was initiated soon after. Reddy & Reddy is a law firm based in Pune having a team of experts in all legal aspects including arbitration and conciliation to provide best legal services to clients.
This is your website preview.
Currently it only shows your basic business info. Start adding relevant business details such as description, images and products or services to gain your customers attention by using Boost 360 android app / iOS App / web portal.
BOMBAY HIGH COURT SETS ASIDE ARBITRATION AWARD ...
2021-06-16T13:41:16
BOMBAY HIGH COURT SETS ASIDE ARBITRATION AWARD DIRECTING BCCI TO PAY OVER RS 4, 800 CRORES FOR TERMINATION OF DECCAN CHARGERS FROM IPL The Bombay High Court has set aside an arbitration award which awarded DCHL a compensation of Rs 4, 814.67 crores plus 10% interest from 2012, plus costs, on finding that the Deccan Chargers teams termination from IPL was illegal. The dispute was pertaining to a notice served by BCCI terminating the franchise agreement with DHCL. The termination was stayed by the Bombay High Court, and made final after DHCL failed to submit a bank guarantee. Arbitration was initiated soon after. Reddy & Reddy is a law firm based in Pune having a team of experts in all legal aspects including arbitration and conciliation to provide best legal services to clients.
2021-06-16T13:41:16
Share it on
Submit Your Enquiry