Delivering its long-awaited verdict, the court held that the allegation of betting against Gurunath Meiyappan, a CSK team official and son in law of the BCCI President-in-exile and Rajasthan Royals co-owner Raj Kundra stands proved while the charge of cover up against Srinivasan "is not proved".
"No one who has commercial interest including N Srinivasan shall be eligible for any post in the BCCI and this disqualification on ground of commercial interest shall continue till such commercial interest will exist," the bench said while asking BCCI to hold its AGM for electing office bearers within six weeks.
It said not only players and team officials but "franchisees will also be punished for misconduct".
The future of CSK and IPL could be in danger as IPL rules provide for cancellation of the franchise for misconduct by players, owners and officials of a team.
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