There were reports that Deccan Chargers which was thrown out of IPL on Friday night, approached Bombay High Court and the court issued a stay order on the same. But BCCI stated in a media release that it is "incorrect."
"It has been reported in some sections of the media that the Mumbai High Court has stayed the termination of the Deccan Chargers Franchise, announced by the BCCI yesterday evening. The BCCI would like to clarify that the counsels of both sides were present in Court at 10:30 am on Saturday, 15 September 2012. The Court heard both parties, and did not pass any order staying the termination. The matter has been placed for hearing on Monday, 17 September 2012. The information that the termination of the franchise has been stayed is incorrect," BCCI release from secretary Sanjay Jagdale said.
The hearing of the case will now be held on Monday, September 17.
On Friday night, BCCI held an emergency meeting and decided to terminate Deccan Chargers contract with IPL.
"BCCI was compelled to hold an emergency meeting of the IPL Governing Council late Friday evening to discuss certain developments due to the Deccan Chargers' defaults," the Indian board had said in a media release on Saturday.
BCCI justified its decision to terminate the team. "The BCCI is completely justified in this action which was taken with careful deliberation and only due to the absolute inability of the franchise to effectively run the team."
Earlier, Deccan Chargers had issued Tender Notice inviting prospective buyers. PVP Ventures was the lone bid with an amount of Rs 900 crore which was rejected by the owners, Deccan Chronicle Holdings Limited (DCHL). They said terms of payment and the amount were unacceptable.