Royals are back in the game

In what comes as a relief to Rajasthan Royals, the Bombay high court on Tuesday upheld an order passed just by an authority that allows the IPL franchise from Jaipur to play in the forthcoming IPL seasons.The team which has actor Shilpa Shetty as its glamorous co-owner, however, will have to give financial securities worth $18 million for its players' salaries for the next two seasons and $2.83 million towards notional loss that the cricket board could have suffered for being unable to get fresh bids for a new franchise after terminating its contract with Royals in October.

The HC also directed Tresco International, Blue Water Estate and Emerging Media UK to file affidavits disclosing "how and in what mode it controls the franchisee."Justice Shiavax Vazifdar discarded an appeal filed by the BCCI against the order of sole arbitrator retired supreme court Justice BN Srikrishna. The HC upheld the findings given by the arbitrator on the facts of the dispute. Justice Srikrishna while staying the termination had observed that the action of the board was "prima facie illegal."BCCI is likely to appeal against the order next week.

Justice Srikrishna had observed that prima facie the violations described by the BCCI in its October 10, 2010 notice "did not occur and therefore, BCCI was not entitled to exercise its right of terminating the contract." The arbitrator had also not accepted the contention of the BCCI that the "contract had such minute and numerous details dependent on personal qualification and volition of the parties or that it would require constant monitoring by the court."Justice Srikrishna had said that the "terms of the contract make it clear that the league cannot be terminated unless it becomes unviable.


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