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BCCI Ordered to Pay ₹538 Crore to Kochi Tuskers

Bombay High Court rejects BCCI’s petitions, upholding ₹538 cr arbitration awards in favor of Kochi Tuskers Kerala

This marks a nearly decade‑long legal victory for the defunct IPL franchise, signaling a significant financial loss for BCCI

The verdict stems from a 2015 arbitration that found BCCI wrongly terminated the franchise agreements, requiring compensation

Justice Chagla ruled the arbitration awards showed “no patent illegality” under Section 34, and the High Court cannot re‑evaluate them

The Court granted two weeks to appeal and initially imposed a four‑week deadline—later extended—to release deposited funds

The franchise, leading to Kochi’s entry in IPL 2011, was terminated in 2011 following bank‑guarantee disputes

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