[Breaking] Bombay High Court sets aside arbitration award directing BCCI to pay over Rs 4,800 Crores for termination of Deccan Chargers from IPL

Justice Gautam Patel set aside the 2020 award passed by a sole arbitrator appointed in 2012 to decide whether BCCI's termination notice to DCHL's IPL franchise team, Deccan Chargers, was illegal.
[Breaking] Bombay High Court sets aside arbitration award directing  BCCI to pay over Rs 4,800 Crores for termination of Deccan Chargers from IPL
Justice Gautam Patel, Bombay High Court

In a major relief to the BCCI, the Bombay High Court on Wednesday set aside an arbitration award directing the Board of Control for Cricket in India (BCCI) to pay over Rs 4,800 crores to Deccan Chronicle Holdings Ltd (DCHL) over the allegedly illegal termination of their IPL franchise team, Deccan Chargers, Hyderabad from Indian Premier League (IPL) cricket.

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