This was told to the Mumbai High Court by BCCI counsel K K Venugopal who said the matter needed to be resolved speedily in view of Australia's threat.
Appearing for BCCI in the Court in the ESPN-Star Sports and Zee Telefilms Ltd tussle over telecast rights, Venugopal read out a letter from Cricket Australia, threatening to pull out of the tour in case the matches were not telecast.
He also told the Court that BCCI has powers to cancel the tender process as well as call for a fresh bid for telecast of cricket matches and indicated that it may do so in case the legal row between ESS and Zee was not resolved soon.
The tender process has been challenged by ESPN-Star Sports through a petition questioning award of cricket telecast rights to Zee Telefilms by BCCI.
Venugopal said "the tender gives us right to cancel the whole process," and added that BCCI may call for a fresh bid from both these parties as well as the other three parties and may decide on the winner on the basis of highest bid.
He said the clause 3.2, which deals with the eligibility in terms of experience and production capacity may be done away with and the new tender would just focus on the highest bid.