Kochi Tuskers Kerala Wins ₹538 Crore Arbitration Against BCCI

In a major legal defeat for the BCCI, the Bombay High Court has sided with Kochi Tuskers Kerala, awarding the defunct IPL team over ₹538 crores. The decision, delivered on June 17th, stems from the controversial termination of the franchise in 2011. The court rejected the BCCI’s attempt to contest the arbitration, with Justice R.I. Chagla stating that the court could not interfere with the arbitrator’s conclusions. The core of the dispute revolved around the BCCI’s alleged breach of contract in terminating the Kochi Tuskers. The court’s decision underscores the importance of adhering to contractual obligations and the finality of arbitral decisions.