Rajasthan Royals’ termination stayed
Mumbai: In a major relief to the owners of the Rajasthan Royals, the contract termination of the former franchise from the IPL has been stayed for six weeks on Tuesday by the sole arbitrator Justice B N Srikrishna.
A legal source said that Justice BN Srikrishna, who was acting as arbitrator, held that prima facie the termination of contract by the Cricket Board was "illegal".
The injunction against the termination will be in effect for six weeks and the arbitration proceedings will continue in the meanwhile, the sources said.
Royals had challenged the termination before the Bombay High Court. However, the case in the High Court was kept pending as both the parties agreed to resolve the matter through arbitration.
The BCCI had on October 10 decided to terminate the franchise agreement of Rajasthan Royals, along with that of Kings XI Punjab, for alleged breach of agreement by them.