This was told to a Bench comprising Justice B P Singh and Justice S B Sinha by the counsels appearing for the respective parties.
They said that the parties have consented to the name of Krishnamurthy as an observer to the Board elections.
The Bench asked them to approach Krishnamurthy and inform it whether he was willing to take the job.
The court listed the matter for hearing tomorrow.
The cricker associations of Rajasthan and Bihar and Netaji Cricket Club of Chennai had challenged the Calcutta High Court judgement removing two former Chief Justices of India as observer to the BCCI elections.
When contacted, Krishnamurthy said in principle, he had no objection to take the responsibility of being the observer for the BCCI elections but was waiting for an official word in this regard.
"In principle, I have no problem in functioning as observer for the elections but can only comment on it when I am contacted officially," the former Chief Election Commissioner said.
"I am waiting for an official communication from the parties to the case," he added.