SC ensures Deccan Chargers is out of IPL

October 20, 2012

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New Delhi, October 20: It’s curtains for Deccan Chargers as the Supreme Court on Friday dismissed a plea made by Deccan Chronicle Holding Limited (DCHL) to save its IPL team.

The Board of Control for Cricket in India (BCCI) is all set to conduct a fresh auction of the Hyderabad team by October 25.

“We are not inclined to extend the time limit for furnishing the requisite bank guarantee to the BCCI by the petitioner,” a bench headed by Chief Justice Altamas Kabir said.

The court rejected the request of the DCHL to give it time till Monday to furnish a Rs 100-crore bank guarantee to the BCCI and suspend its termination notice till then.


“The position today stands that the agreement between Deccan Chargers and BCCI is terminated and the effect of extension of time to deposit the bank guarantee will amount to forcing the contract. It has been pointed out by the BCCI about the fact of termination of contract which is effective from October 12. In such circumstance we are not inclined to entertain the petition,” the bench also comprising Justices S S Nijjar and J Chelameswar, said.

Senior advocate Mukul Rohatgi, appearing for the debt-ridden company, submitted that it had missed the deadlines to furnish the guarantee but now it had got a guarantee of the ICICI bank.

DCHL had approached the apex court, challenging the order of the Bombay High Court on Thursday, which had quashed the status quo order passed by an arbitrator on cessation of its membership in the league.

Senior counsel C A Sundaram, representing the BCCI, contended the DCHL was having serious financial issues and so it was no more interested in continuing this franchise as it could adversely impact on the IPL’s international image.

Allowing his plea, the court said the termination of contract between the Deccan Chargers and the BCCI had come to effect from October 12, the day on which the High Court held that the arbitrator had no jurisdiction to grant status quo and declined to grant extension of time for furnishing the bank guarantee.

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News Network
April 26,2020

New Delhi, Apr 26: The idea of having a full-fledged women's IPL is in a "progression stage" and a World Cup title for India can actually help in turning that into a reality sooner than later, says former captain Anjum Chopra.

Under the leadership of Harmanpreet Kaur, the Indian team sailed into the final of the last women's T20 World Cup, but was thrashed by home favourites and defending champions Australia when it mattered the most.

Chopra, one of the country's most decorated women cricketers, said a World Cup title triumph would have brought about a generational shift to the women's game in cricket-mad India.

"Women's IPL in the progression stages. From one game at the start we had four last year in the Women's T20 Challenge, and this time it was supposed to be seven. It has progressed," Chopra said.

"If the women's team had won the World Cup this year, the number of matches would have been more. There is a big difference between winners and runners up."

Chopra had a successful career spanning over 17 years during which she represented India in six World Cups while becoming the first woman cricket to appear in 100 One-day Internationals.

She added, "A victory (in final of last T20 World Cup) would have been a complete generational shift in a much more progressional manner."

Referring to the rapid strides the women's game has made the world over, she praised the International Cricket Council (ICC) for "consciously building it up".

"ICC has bifurcated viewership numbers also very well for Indian audience."

The icing on the cake was a near-packed Melbourne Cricket Ground (MCG) for the World Cup final between India and Australia, and that was not lost on Chopra, who is now a respected analyst and sportscaster.

"To have 80,000 people watching the final that's commendable. That definitely a boost," said Chopra, who holds the distinction of leading India to their first ever Test series win.

A World Cup triumph and the "mind set would have gone to different level altogether", she believed.

Asked about the chatter around pay disparity in Indian cricket, her simple message was win more to earn more.

"There is already pay parity in Australia. Because both teams have won the World Cups more than any other nations.

"If you start winning, then I am sure things will be different. It's also about how much you are able to generate as a team.

"I would say sky is the limit for them."

With the COVID-19 pandemic bringing sporting activities to a standstill, a cloud of uncertainty hangs over the fate of many big events lined up in the near future.

While the IPL has been put on hold indefinitely, the pandemic has thrown the men's T20 World Cup, scheduled for October-November in Australia, into doubt.

"There has been a suggestion that if we are hosting the World Cup in October, then play the IPL as preparation ground for World Cup."

That is only if the situation improves in the coming times.

"It's difficult to see, to gauge where sport will be after this. For sure it is not going to be where it was before. Even if it opens up tomorrow it couldn't be the same.

"Can sports people can get back to work without worry? We don't know when this is going to be under control."

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News Network
February 5,2020

New Delhi, Feb 5: IPL franchise Kolkata Knight Riders (KKR) has denied any financial dealings with the controversial Rose Valley Group except for it being a sponsor of the side's official jerseys in 2012 and 2013.

KKR issued the clarification after the Enforcement Directorate (ED) attached Rose Valley's assets worth over Rs 70 crore on Monday. The attached assets include Rs 11.87 crore bank deposits of Knight Riders Sports Pvt Ltd, that owns KKR, in connection with a money laundering probe.

The franchise said it hopes for the matter to be resolved expeditiously.

"Rose Valley Hotels was one of KKR's IPL jersey sponsors for IPL seasons 2012 and 2013. Rose Valley had paid KKR an approx. amount of Rs 11.87 crore as sponsorship fees," KKR CEO Venky Mysore said in a statement.

"KKR had no other dealings with the Rose Valley Group including Rose Valley’s micro finance business," he added.

The statement added that in July last year, KRSPL (Knight Riders Sports Pvt Ltd), received a "witness summon" from the ED in connection with an investigation relating to the Rose Valley Group, particularly its micro finance business.

"The ED continues the investigation of Rose Valley. KKR continues to cooperate with the authorities in all respects," Mysore said.

"As part of the investigative process, sometime in October 2019, the ED placed a lien on the said amount earlier paid by Rose Valley to KKR," he asserted.

The directors of KRSPL include Shah Rukh Khan's wife Gauri Khan, actor Juhi Chawla's husband Jay Mehta, Mysore and two others.

Mysore was questioned in this case by ED's Kolkata office in October last year.

Apart from KRSPL, the ED attached properties of two other entities -- Multiple Resorts Pvt. Ltd. and Kolkata's St Xavier's College on Monday.

The ED registered an FIR against the Rose Valley group, its chairman Gautam Kundu and others under the Prevention of Money Laundering Act in 2014.

Kundu was arrested by the agency in Kolkata in 2015 and is in judicial custody at present.

The ED has filed multiple charge sheets in Kolkata and Bhubaneswar courts in this connection and total attachments are now worth Rs 4,750 crore.

The group has been charged by the ED and the CBI with "illegally and fraudulently collecting deposits from public with the intention to cheat them by falsely promising high returns on their investment", thereby perpetrating a ponzi-like fraud.

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News Network
March 28,2020

Milan, Mar 28: Juventus star Paulo Dybala revealed how he "struggled to breathe" after contracting coronavirus which has killed over 9,000 people in Italy.

The Argentine international announced last Saturday he was one of three Juventus players to catch the virus along with Daniele Rugani and Blaise Matuidi, who both had no symptoms.

"I feel better now after some strong symptoms," the 26-year-old Dybala told JTV channel.

"A couple of days ago I was not well, I felt heavy and after five minutes of movement I had to stop because I was struggling to breathe.

"Now I can move and walk to start trying to train, because when I tried in the past few days I started to shake too much.

"I gasped for air and as a result I couldn't do anything, after five minutes I was already very tired, I felt the body heavy and my muscles hurt.

"Now I'm fine. My fiancee Oriana (Sabatini) has also overcome the symptoms."

Dybala has scored 13 goals in all competitions this season, including in league leader's Juventus's last game against Inter Milan before Serie A and all sport in Italy was suspended.

"The goal against Inter was the greatest emotion, (Aaron) Ramsey provided the perfect assist - it's a pity that there was no public," added Dybala.

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