Board of Cricket Control India dismissed reports that the Mumbai High Court has passed an order staying the termination of the Deccan Chargers Franchise, says a report in The Indian Express.
BCCI Secretary Sanjay Jagdale in a press release confirmed that the counsels of both sides were present in the Court at 10:30 am on 15 September.
The Court heard both parties, and did not pass any order staying the termination. The matter has been placed for hearing on Monday, 17 September 2012, Jagdale said in the release.
Meanwhile, The Times of India reports that BCCI justified the decision to terminate the IPL contract of Deccan Chargers, saying it was compelled to take action after the beleaguered franchise claimed that it had not committed any breaches and threatened to take legal recourse."BCCI was compelled to hold an emergency meeting of the IPL Governing Council late Friday evening to discuss certain developments due to the Deccan Chargers' defaults," Jagdale said in the press release.
“This evening (Friday), BCCI has received a lawyers notice invoking arbitration from the franchise stating that it had not committed any breaches and even if such breaches were committed, the BCCI should not act to terminate the franchise till Yes Bank Ltd furnishes sufficient finance to cure the breaches. By this, Deccan Chronicle Holdings Ltd has clearly admitted its inability to cure its breaches within the time stipulated in the BCCI notice despite every bit of assistance from the BCCI. Since the month of May, BCCI has received repeated assurances that the overdue player fees would be paid; all of these promises have been unfulfilled,” Jagdale said.