Mumbai: The Bombay High Court has asked the Deccan Chargers to pay Rs.100 crore in the next ten days, failing which, their termination from their IPL would stand.
On Monday, the BCCI and owners of the terminated Indian Premier League (IPL) team Deccan Chargers had agreed to go for arbitration to resolve their dispute.
The DCHL approached the court on September 15 seeking an order to restrain the BCCI after it served a notice terminating the franchise agreement.
The BCCI counsel told the court that roughly Rs. 150 crore was needed annually to run an IPL team and DCHL's poor financial condition would make it difficult to run the team.The DCHL counsel had said that Yes Bank was willing to fund the team.
Chargers asked to deposit Rs.100 crore to avoid terminationYahoo! Cricket – Tue 25 Sep, 2012 9:37 AM IST
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