RR and Kings XI furnish bank guarantee to BCCI

HC had earlier stayed termination of contract of Kings XI Punjab and Rajasthan Royals with BCCI.

Indian Premier League franchises,Rajasthan Royals and Kings X1 Punjab,filed separate affidavits in the Bombay High Court affirming they had complied with the condition of furnishing bank guarantees to the Cricket Board.

The High court had earlier stayed the termination of contract of Kings XI Punjab and Rajasthan Royals with BCCI.

However,in case of Kings XI the dispute would be referred to a new arbitrator as former Supreme Court judge B N Srikrishna had recused himself from the case.

Story continues below this ad

While staying the termination of contracts of these two IPL franchises,the court had asked them to furnish bank guarantees to BCCI for making up losses that the Board and its players might suffer in case the arbitrator’s award goes against them.

Kings XI was asked to furnish bank guarantee of USD 18 million for the players which it might pick up in the IPL January 8-9 player auction in Bangalore,and of USD 3.5 million for the BCCI.

Rajasthan Royals were asked to submit USD 2.83 million as guarantee to the BCCI for the contract and USD 18 million as bank guarantee for the players.

Both informed the High Court today that this had been complied with.

The police said the trio from Chandigarh — Rohan (21), Sumit (22), and Mohit (19) — were dhol players by profession and had procured the weapons due to an old rivalry with local residents.

Suspecting affair, Odisha lecturer assaults wife and her friend, parades them on street

India4 hr ago

A lecturer of Commerce and his associate were arrested for assaulting his wife, garlanding her with slippers and parading her on the road with her male friend. The woman, who has been living separately from her husband, was assaulted and humiliated in public. The incident was recorded and shared on social media. Police have seized evidence and are investigating the matter.

View all shorts

Live Blog