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HC tells DCHL to furnish bank guarantee of Rs 100 cr to BCCI

Last Updated: Monday, October 1, 2012, 22:21

The Bombay High Court on Monday asked Deccan Chronicles Holdings Ltd to give an irrevocable and unconditional bank guarantee of Rs 100 crore to the BCCI on or before October 9 while observing that the Cricket Board has acted in haste to terminate IPL franchise Deccan Chargers.

Deccan Chargers remain unsold in auction

Last Updated: Thursday, September 13, 2012, 23:58

Cash strapped IPL team Deccan Chargers’ attempt to find buyers via auction failed on Thursday as PVP Group’s bid was rejected outright at the auction held in Chennai.