A division bench comprising Justice Pinaki Ghosh and Justice N C Sil gave the stay order.The hearing was continuing.
The BCCI President Ranvir Singh Mahendra and Karnataka Cricket Association challenged yesterday's order of Justice Soumitra Sen who appointed two additional observers Justice K N Singh and Justice M M Punchi, both former chief justices ofIndia.
The petitoners, seeking a stay on the BCCI election, contended that there was no need for three observers for just 30 voters.
Earlier, Justice Sen had appointed a former judge of the Supreme Court S C Sen as the sole observer.The AGM had been adjourned sine die yesterday by Mahendra citing 'misbehaviour of certain members'.
However, observers Singh and Punchi had decided to reconvene the AGM today in consultation with Sen.