HC sets aside arbitrator's award asking BCCI to pay Rs 4,800 cr to DCHL

Deccan Chronicle Holdings, the Hyderabad-based media company that acquired the franchise for $107 million in 2008, then approached the Bombay HC, seeking an order restraining BCCI from taking any step

The Bombay High Court has set aside an arbitration award that asked the Board of Control for Cricket in India (BCCI) to pay a compensation of Rs 4,800 crore plus interest to Deccan Chronicle Holdings, the owner of the terminated Deccan Chargers franchise in the Indian Premier League (IPL) in a matter which involved the termination of the franchise in 2012.

“The award proceeded in places without reasons, in others by ignoring evidence, in yet others by wandering far afield from the contract, and in taking views that were not even possible”, the single-judge bench of Justice Gautam S Patel said