Mumbai: The Bombay High Court will pass the verdict on BCCI’s appeal against the status quo passed by the court appointed arbitrator in relation to the termination of Deccan Chronicle Holding Ltd’s. (DHCL) IPL franchise Deccan Chargers today.

Retired Supreme Court justice C K Thakkar, appointed arbitrator in the case had passed a status quo after DHCL failed to furnish the bank guarantee of Rs 100 crore within the deadline.

The HC stayed the order and BCCI terminated Deccan Chargers and the process for a new team has already been started by the BCCI.

BCCI counsel Raju Subramaniam in BCCI’s argument in the case said that DHCL were given sufficient time to submit the guarantee and if Deccan Chargers contract was not terminated; several foreign playing for them will not be able to take part in the auction.

Meanwhile, DHCL maintained that the wanted to sell the team but BCCI stood against and also urged that termination on the grounds of outstanding liabilities will be too harsh and they should consider that.

By Indian Sports News Network