Deccan Chargers have moved the Supreme Court to challenge Bombay High Court’s over-ruling of the arbitrator’s decision to impose a status quo on their expulsion from the IPL. The appeal in the Supreme Court is Chargers’ last option to contest their termination from the league.
The BCCI had terminated the franchise after it had failed to meet the deadline stipulated to raise the Rs 100-crore bank guarantee ($19 million). The Chargers immediately approached CK Thakkar, the court-appointed arbitrator, who put a stay on the termination order passed by the High Court. However, it was quashed on Thursday by Justice RD Dhanuka.
“The arbitrator had no jurisdiction to grant a status quo,” Justice Dhanuka said. “On the same day (October 12), the high court had denied extension of time to DCHL to furnish Rs 100 crore bank guarantee as directed by the court on October 1.”
Meanwhile, the BCCI floated a tender on October 14, inviting bidders for a new IPL team following the termination of the Chargers franchise. The bids were invited for 12 cities, including Hyderabad where the Chargers were based. The others are Ahmedabad, Cuttack, Dharamsala, Indore, Kanpur, Kochi, Nagpur, Noida, Rajkot, Ranchi and Vizag.
The BCCI will be keen on finalising a new, ninth team before the next edition of the IPL in 2013, as it will, otherwise, result in reduced franchise fees and TV rights payments. Following a ten-team IPL in 2011, the Kochi Tuskers Kerala franchise was terminated last year in September. Two other franchises – Kings XI Punjab and Rajasthan Royals – are still involved in litigation with the BCCI, and the IPL is on the lookout for a new title sponsor after DLF Ltd ended its five-year association with the tournament.