After a long time of exit of IPL commissioner Lalit Modi from BCCI, long-pending litigations occurring out of his well known controversial reign are falling in right place now for the Indian Cricket Board. On Monday (13-07-2020), one of this kind of arbitration brought a positive result with the World Sports Group (WSG).
On 28th June 2010, an arbitral team including Supreme Court Retd Justices, Mu****hakam Sharma, S.S. Nijjar, and Sujatha Manohar gave a green signal to the conclusion of the IPL media rights agreement for foreign countries with WSG by the BCCI.
This will give the Indian Cricket Board to proper amounts lying in collateral amount, approximately more than Rs 850 crore. This thing went to adjudication after the World Sports Group claimed over the profit they would have made, in case BCCI didn’t abandon the agreement. For the illegal conclusion of the agreement, they also wanted compensation. Still, BCCI said that it was a fraud.
Raghu Raman, senior counsel, who represented the Indian Cricket Board said: “It has proved that IPL commissioner Lalit Modi in conspiracy with World Sports Group official cheated, and deceived BCCI.”