{"id":10938,"date":"2012-10-19T07:33:30","date_gmt":"2012-10-19T07:33:30","guid":{"rendered":"https:\/\/indiansportsnews.co.in\/?p=10938"},"modified":"2012-10-19T07:33:30","modified_gmt":"2012-10-19T07:33:30","slug":"dhcl-all-set-to-challenge-bombay-high-courts-judgement-in-apex-court","status":"publish","type":"post","link":"https:\/\/indiansportsnews.co.in\/?p=10938","title":{"rendered":"DHCL all set to challenge Bombay High Court’s judgement in apex court"},"content":{"rendered":"

New Delhi:<\/strong> In a last attempt to save Deccan Chargers from exiting the cash rich Indian Premier League, owners Deccan Chronicle Holdings Ltd. are contemplating to appeal the Bombay High Court\u2019s judgement in the Supreme Court.<\/p>\n

Not happy with the verdict, it has been learnt that DHCL are likely to challenge to court\u2019s decision to uphold Charger\u2019s termination from IPL and nullifying the status quo passed by the court appointed arbitrator on cessation of its membership in the apex court today.\n<\/p>\n

BCCI had moved to the court after retired Supreme Court judge C.K. Thakkar, appointed arbitrator by the High Court in the case, passed a stay order on the termination of DHCL\u2019s IPL franchise Deccan Chargers.<\/p>\n

In its judgement the High Court said that an arbitrator cannot overrule an order passed by the court.<\/p>\n

\u201cBCCI moved an appeal against the Order of Arbitrator and the same was heard today morning. The Hon\u2019ble High Court was pleased to stay the Order of Arbitrator after hearing both the parties. Thus, the termination of DC Franchise stands,\u201d said the BCCI official website.<\/p>\n

The court had asked DHCL to furnish a bank guarantee of Rs 100 crore, a condition set for Deccan Charger\u2019s survival in IPL. But BCCI could not go on with the termination of the cash strapped IPL team as the arbitrator passed a status quo.<\/p>\n

Seeking justice the cricket board moved to the court and challenged the status quo.<\/p>\n

BCCI counsel Raju Subramaniam in BCCI\u2019s argument in the case said that DHCL were given sufficient time to submit the guarantee and if Deccan Chargers contract was not terminated; several foreign playing for them will not be able to take part in the auction.<\/p>\n

Meanwhile, DHCL maintained that they wanted to sell the team but BCCI stood against and also urged that termination on the grounds of outstanding liabilities will be too harsh and they should consider that.<\/p>\n

By Indian Sports News Network<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

New Delhi:<\/strong> In a last attempt to save Deccan Chargers from exiting the cash rich Indian Premier League, owners Deccan Chronicle Holdings Ltd. are contemplating to appeal the Bombay High Court\u2019s judgement in the Supreme Court.<\/p>\n

Not happy with the verdict, it has been learnt that DHCL are likely to challenge to court\u2019s decision to uphold Charger\u2019s termination from IPL and nullifying the status quo passed by the court appointed arbitrator on cessation of its membership in the apex court today.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[50],"tags":[705,3032,6939,660,466],"class_list":["post-10938","post","type-post","status-publish","format-standard","category-isn-front-stories","tag-bcci","tag-deccan-chargers","tag-deccan-chronicle-holdings-ltd","tag-indian-premier-league","tag-indian-sports-news"],"yoast_head":"\nDHCL all set to challenge Bombay High Court's judgement in apex court - IndianSportsNews.com - Latest Updated Sports News & Sports Blogs of Cricket, Hockey, Golf, Football, Tennis & Other Sports<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/indiansportsnews.co.in\/?p=10938\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DHCL all set to challenge Bombay High Court's judgement in apex court - 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