BCCI loses appeal in Kings XI Punjab case

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Published: Wednesday, December 15, 2010, 16:55 [IST]
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BCCI loses appeal in KingsXIP case

The legal woes for the Board for Control of Cricket in India (BCCI) continue to pile on while Indian Premier League franchise Kings XI Punjab gets a breather. The divisional bench of the Bombay High Court has quashed the board's appeal against the HC's order staying the termination of KXIP.

Effectively, allowing the KXIP to participate in the upcoming player auction slated for Jan 8 and 9, the divisional bench stated that the board's action were erroneous. "We have been on the right side since 2008," co-owner Ness Wadia, said. "We have declared everything."

The BCCI had appealed against the interim stay issued by the High Court on December 8, which allowed the team back in to the IPL, on the condition that it disclosed its present6 shareholding pattern, met pending player payments and paid the BCCI guarantee money in case the final judgement goes against them.

The order was welcomed by Kings XI Punjab. Another co-owner, the Bollywood actress Preity Zinta, called it a vindication of the franchise's stand. "I feel happy. It's good that things worked in our favour."


Read more about: ipl, ipl4, bcci, kings xi punjab
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