Hyderabad: A day before the bids for IPL Deccan Chargers’ sale are opened in Chennai, a civil court in Secunderabad court on Wednesday accepted an urgent petition of an ex-Chargers’ CEO seeking directions to the owners of the Chargers and the BCCI to protect the money they owe him.
Timothy Wright wants the Deccan Chronicle Holdings Ltd. (DCHL) to execute a decree passed by a London court against it on July 16 for payment of £ 10.55 million for breach of contract. Along with the interest of 8 per cent per annum till repayment, the DCHL is supposed to pay Rs 98 crore to him.
The court accepted the urgent petition of Wright, who is seeking protection of the money while taking a decision on the bids in Chennai on Thursday, the day the petition has been posted for hearing.
The court took up the case following a direction from the High Court on Wednesday morning for expediting the execution petition filed by Wright on August 24.
“Though Wright filed another petition on August 31, stating that the London court order be executed urgently since the DCHL management was planning to sell off the Deccan Chargers, it was dismissed. So, our client had to move the High Court seeking protection of our money,” Wright’s counsel S Niranjan Reddy told MAIL TODAY.
Justice GV Seethapathi, who heard the petition, advised Wright to go back to the Secunderabad court since the petition was already pending in that court.
He directed the lower court to expedite the matter.