Source: Times of India
Bombay High court upholds the interim order of independent arbitrator Justice BN Srikrishna arbitrator's stay on IPL franchise Rajasthan Royals termination made by BCCI.
Meanwhile, the court allowed Rajasthan Royals to take part in IPL 4 auction which will be held in January.
However, the court has set financial conditions to Royals while upholding the stay and also directs Royals to file affidavit before it on January 3 specifying full details about mode of control.
The BCCI had on October 10 decided to terminate the franchise agreement of Rajasthan Royals, along with that of Kings XI Punjab, for alleged breach of agreement by the two franchises.
Royals had challenged the termination before the Bombay High Court.