The Bombay High Court has directed the Board of Control for Cricket in India (BCCI) to pay a total of ₹539 crore to the owners of the now-defunct Kochi Tuskers Kerala IPL franchise, ending a long-running legal battle that began in 2011.
As per the ruling, the BCCI must pay:
- ₹385.50 crore to Kochi Cricket Private Limited (KCPL)
- ₹153.34 crore to Rendezvous Sports World (RSW)
The court upheld the arbitral awards granted in 2015, which found the BCCI at fault for wrongfully terminating the Kochi franchise.
What Happened?
Kochi Tuskers Kerala participated in just one IPL season, finishing 8th in 2011. Later that year, the BCCI terminated their agreement, citing the franchise’s failure to provide a bank guarantee on time.
What the Court Said
Justice Riyaz I. Chagla, in his judgment, dismissed the BCCI’s challenge against the arbitration ruling. He stated:
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“The court’s power to interfere under Section 34 of the Arbitration Act is limited. BCCI’s dissatisfaction with the findings or evidence isn’t enough to overturn the award.”
He added that the arbitrator had correctly concluded the BCCI wrongfully invoked the bank guarantee, which amounted to a repudiatory breach of the agreement with KCPL.
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