A Bench of Chief Justice D S Bhandari and Justice D Y Chandrachud adjourned the matter to September 9 after asking the Board of Control for Cricket in India (BCCI) to produce its file.
ESPN-Star TV Network had challenged BCCI's decision to award rights to Zee for which a tender was floated earlier.
The tender pertained to telecast rights of national and international cricket matches played in the country during the four-year period.
The petition contended that Zee was not eligible as it did not satisfy tender conditions of eligibility.
It said that Zee did not possess the required two years experience of telecasting cricket matches of International level and also claimed that awarding tender rights to Zee was a violation of principle of natural justice.
The petition said that ESPN-Star was not given an opportunity to improve its bid after BCCI had negotiated the price with Zee.