The Board of Control for Cricket in India (BCCI) has emerged victorious in the court case against Deccan Chronicle Holdings (DCHL) for termination of their franchise Deccan Chargers from the Indian Premier League in 2012 in Bombay High court as per reports.

BCCI had terminated Deccan Chargers from the Indian Premier League (IPL) in 2012 after their owners failed to put up the INR 100 crores bank guarantee set by the Bombay High Court to stay a part of the league.

However, after the termination DCHL had approached the Bombay High Court, challenging the termination. The high court then appointed justice (retd) CK Thakar as the sole arbitrator, who ruled in July last year that the BCCI would have to pay Rs 4800 cr to DCHL.

BCCI to appeal against Bombay High Court's order to pay Deccan Chargers 4,800 crores

In the latest development, it is learned that BCCI has won the case against DHCL.

Speaking to TOI, a BCCI official confirmed the same, saying that it a piece of good news for them especially during the tough times when IPL got suspended due to COVID-19.

He lauded the BCCI secretary for fighting till the end and revealed that governing body will now have to pay only INR 35 crores and not 4800 crores to DHCL as earlier reported.

"This is a huge piece of good news to us, especially at a time when the IPL had to be suspended due to a surge in covid cases a couple of months back. Jay Shah (BCCI) secretary has played a stellar role in taking this fight till the end, appealing against this decision of the court-appointed arbitrator in the Bombay HC.

We were supposed to pay Rs 4800 crores to DCHL, which would have made us bankrupt. Now, we only have to pay them Rs 35 crores," BCCI official told TOI.

Deccan Chargers won the IPL in 2009 in South Africa and were part of the IPL till 2012.

(TOI inputs)