logo
Bad news for BCCI, set to pay Rs 5380000000 to this IPL team due to...

Bad news for BCCI, set to pay Rs 5380000000 to this IPL team due to...

India.com19-06-2025
In these collection of pictures, we find out the reason why the BCCI has suffered a massive financial loss after the decision by Bombay High Court. Image credit: X (Formerly Twitter)
Kochi Tuskers Kerala participated in IPL 2011 season. Kochi Cricket Pvt. Ltd. was a consortium of multiple owners. Image credit: X (Formerly Twitter)
Former IPL chairman Lalit Modi and BCCI terminated Kochi Tuskers Kerala contract in 2012 due to alleged breach in contract. Image credit: X (Formerly Twitter)
Arbital Tribunal had ordered BCCI to pay Rs 538 crore to Kochi Tusker Kerala owners KCPL. It awarded over Rs 384 crore to KCPL and ordering the return of over Rs 153 crore to RSW along with interest and costs. Rendezvous Sports World (RSW) was consortium who had bought the IPL team. Image credit: X (Formerly Twitter)
BCCI had challenged the order of Artbital Tribunal. arguing that the tribunal had acted beyond its powers and misapplied the law. It maintained that KCPL's failure to submit the bank guarantee was a fundamental breach of the agreement, justifying termination. Image credit: X (Formerly Twitter)
Bombay High Court held that the arbitrator's findings were well-reasoned and supported by records. It ruled that BCCI had, by its conduct, waived the strict requirement for furnishing the guarantee by March 2011. Image credit: X (Formerly Twitter)
Single-judge Justice RI Chagla rejected BCCI's challenge on Wednesday to the Rs 538 crore award and said that the Bombay High Court cannot sit in appeal over the arbitrator's findings.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Centre approves Aqua Line extension to Bodaki MMTH, project to be completed in 3 years
Centre approves Aqua Line extension to Bodaki MMTH, project to be completed in 3 years

Hans India

time25 minutes ago

  • Hans India

Centre approves Aqua Line extension to Bodaki MMTH, project to be completed in 3 years

Noida: In a major boost for urban connectivity in the NCR region, the Central government has approved the extension of the Noida Metro's Aqua Line from Depot Station to the upcoming Multimodal Transport Hub (MMTH) at Bodaki. The project is slated to be completed in three years. The Detailed Project Report (DPR) for the extension was earlier cleared by the Uttar Pradesh Cabinet. With the Centre's nod, the Noida Metro Rail Corporation (NMRC) will now proceed with construction. The proposed 2.6 km extension will include three stations -- the existing Depot Station, and two new stations at Junpat Village and Bodaki. The Bodaki MMTH is being developed as a major transit hub, integrating an interstate bus terminal (ISBT), railway station, and local bus stand -- aimed at strengthening multi-modal connectivity across the region. The project will use standard gauge (1,435 mm) tracks and a 25 kV AC overhead traction system, supported by SCADA controls. A topographical survey has already been completed, and geotechnical investigations are underway. The total cost of the project is estimated at Rs 416.34 crore. It will be implemented by the NMRC through a Special Purpose Vehicle (SPV) structure. The funding model includes 20 per cent contribution from the Central government (Rs 70.59 crore); 24 per cent from the UP government (Rs 91.08 crore); 60 per cent from domestic loans/NCR Planning Board (Rs 211.80 crore); PPP and land components (Rs 10.44 crore + land cost). The revised DPR for the Aqua Line extension from Sector-51 (Noida) to Knowledge Park V (Greater Noida) was approved by the UP government on November 29 last year and later forwarded to the Centre. It was presented in the 94th meeting of the Network Planning Group (NPG) and has received in-principle approval. It will now proceed to the Public Investment Board (PIB) for final clearance. Another DPR -- for a new corridor between Sector-142 and Botanical Garden in Noida -- was approved by the state government on June 28, 2024, and sent to the Union Ministry of Housing and Urban Affairs on July 2. It was reviewed in the 90th NPG meeting and has also received an in-principle recommendation.

Shreyanka Patil, Priya Mishra ruled out of India A women's tour of Australia
Shreyanka Patil, Priya Mishra ruled out of India A women's tour of Australia

Hans India

time25 minutes ago

  • Hans India

Shreyanka Patil, Priya Mishra ruled out of India A women's tour of Australia

Mumbai: Shreyanka Patil and Priya Mishra have been ruled out of India A's upcoming tour of Australia due to injuries, the Board of Control for Cricket in India (BCCI) confirmed on Thursday. The duo's participation was subject to fitness clearance. "Both players remain under the care of the BCCI Medical Team at the Centre of Excellence and are currently undergoing their Return-to-Play protocols," the BCCI said in a statement. Shreyanka has been sidelined for some time now. She initially suffered a finger injury during the Women's Asia Cup in July last year but managed to feature in the T20 World Cup held in the UAE in October. However, another injury ruled her out of the 2025 edition of the WPL. With both Shreyanka and Priya unavailable, Bengal batter Dhara Gujjar and Uttarakhand allrounder Prema Rawat have been drafted into the squad for all three formats. Dhara was previously named in the one-day and four-day squads while Prema had only been picked for the T20s. Additionally, wicketkeeper-batter Yastika Bhatia has been added to the one-day squad. She represented Mumbai Indians in WPL 2025 and, more recently, featured in two tour matches against the ECB Development Women's XI. India's multi-format tour of Australia begins with the T20I series in Mackay from August 7 to 10, followed by ODIs in Norths on August 13, 15, and 17. The tour concludes with a four-day match at Allan Border Field in Brisbane, starting August 21. Radha Yadav will lead the team across all formats, with Shafali Verma also named in each squad. India A's updated T20 Squad: Radha Yadav (C), Minnu Mani (VC), Shafali Verma, D. Vrinda, Sajana Sajeevan, Uma Chetry (WK), Raghvi Bist, Prema Rawat, Nandini Kashyap (WK), Tanuja Kanwer, Joshita VJ, Shabnam Shakeel, Saima Thakor, Titas Sadhu, Dhara Gujjar. India A's updated One-Day Squad: Radha Yadav (C), Minnu Mani (VC), Shafali Verma, Tejal Hasabnis, Raghvi Bist, Tanushree Sarkar, Uma Chetry (WK), Tanuja Kanwer, Nandini Kashyap (WK), Dhara Gujjar, Joshita VJ, Shabnam Shakeel, Saima Thakor, Titas Sadhu, Prema Rawat, Yastika Bhatia. India A's updated Multi-Day Squad: Radha Yadav (C), Minnu Mani (VC), Shafali Verma, Tejal Hasabnis, Raghvi Bist, Tanushree Sarkar, Uma Chetry (WK), Tanuja Kanwer, Nandini Kashyap (WK), Dhara Gujjar, Joshita VJ, Shabnam Shakeel, Saima Thakor, Titas Sadhu, Prema Rawat.

Realme 15 Pro launched: Top specs, key features, price in India, and everything else to know
Realme 15 Pro launched: Top specs, key features, price in India, and everything else to know

India Today

time25 minutes ago

  • India Today

Realme 15 Pro launched: Top specs, key features, price in India, and everything else to know

Realme has officially launched the Realme 15 Pro in India, alongside the standard Realme 15. The company is focusing on a combination of sleek design, powerful AI features, and a massive battery. What makes the Realme 15 Pro stand out is its ability to pack a 7,000mAh battery into a slim 7.69mm frame, which is uncommon in smartphones today. The phone will be available in three colour options: Velvet Green, Silk Purple, and Flowing Silver. The open sales start on July 30 at 12 PM IST. Here is everything you need to know. advertisement Read More Realme 15 series: India prices, sale offers The Realme 15 Pro is available in multiple variants. The 8GB RAM + 128GB storage model is priced at Rs 28,999, whereas the 8GB RAM + 256GB storage model will cost you Rs 30,999. The 12GB RAM + 256GB storage will go on sale at Rs 32,999. These prices already factor in a launch offer of Rs 3,000 off through select bank cards. Realme 15: Top specs -Display: It features a 6.8-inch curved AMOLED panel with 144Hz refresh rate and 6,500nits peak brightness. -Chipset: It is powered by a Snapdragon 7 Gen 4 chipset. -Rear camera: One will see two 50-megapixel sensors at the back. -Front camera: There is a 50-megapixel camera with 4K 60fps video support. -Battery: It has a 7,000mAh battery under the hood with 80W fast charging. Realme 15: Key features advertisement The Realme 15 Pro is among the slimmest phones to feature a 7,000mAh battery, made possible through a new graphite-based single-cell battery tech. This allows higher energy density and more efficient power management, while keeping the weight to 187 grams. The company claims up to 83 hours of music playback or 22 hours of video streaming on a full charge. On the software front, Realme is pushing AI-driven features like AI Edit Genie, which allows voice-guided photo editing, and MagicGlow 2.0 to brighten low-light photos without loss in detail. AI also improves gaming with smarter frame rate management and cooling efficiency. The Realme 15 Pro also comes with IP69 water and dust resistance and Gorilla Glass protection. Despite the high-end specs and battery capacity, the design remains slim and lightweight, something Realme is heavily promoting. It is also the first phone in India to feature Qualcomm's Snapdragon 7 Gen 4 chipset, which can offer performance close to Snapdragon 8s Gen 3. - Ends Published By: Ankita Garg Published On: Jul 24, 2025

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store