''That solution (players rejecting central contracts) is not acceptable to us,'' Bindra was quoted as saying by BBC Sport.
''We will not have any player revolting against their establishment and becoming part of the IPL,'' he added.
Bindra's comments came in the wake of the ECB's refusal to allow English players to feature in the Inaugural edition of the IPL, which triggered speculations that the cricketers might revolt against the move.
Dougie Brown, the chairman of the Professional Cricketers' Association, had also suggested the majority of England's leading Test players might be lost to the Indian Premier League if the ECB doesn't compromise on its current stand.
Dimitri Mascarenhas, who's not contracted by the board, is the only English player in IPL.
Bindra indicated the IPL could tweak its schedule in order to accomodate English players, and was hoping that there would be a place for the league in the international calendar. "We can make adjustments, we can postpone our league by a couple of weeks," he said. "If we can find a solution, it will be in the interests of everyone involved, including the players.
"The ICC have said they will try and find if they can find a permanent slot for the IPL. That will make it a lot easier for the players to know what the calendar is, what the options are. It will facilitate everyone going forward."
Bindra also hailed the ECB's idea to start an English Premier League (EPL), an English version of the IPL. "It's a good news and I think it would be great if all the countries start their own Twenty20 league," he told reporters in Delhi.