For years, the Board of Control for Crock in India (BCCI) has navigated various challenges. However a recent coury order is set to have a major financial impact on the sport's governing body.
This ruling revisits a past chapter involving a former IPL team and a long-standing dispute with them. The decision has arrived after a decade of the case, and brings a major setback for BCCI as Bombay HC orders to pay ₹538 crore to defunct IPL team Kochi Tuskers Kerala.
Read the full story to know why.
How the BCCI-Kochi Tuskers Kerala dispute began

The root of this major legal battle dates back to 2011, when the BCCI terminated the contract of the IPL team Kochi Tuskers Kerala. The team, managed by Kochi Cricket Private Limited (KCPL), had only played in one IPL season.
The BCCI claimed they ended the contract because Kochi Tuskers failed to provide a required annual bank guarantee by a deadline in March 2011. This was seen by the BCCI as a serious breach of their agreement.
However, the team owners had a different view. They argued that their delay was due to several issues, including problems with the stadium in Kochi and delays in getting necessary approvals. They also stated that the BCCI continued to deal with them and even accepted payments for months after the March deadline.
The team owners believed this showed the BCCI had waived or overlooked the deadline, making their sudden contract termination unfair.
Taking the matter to arbitration:
Because they felt the termination was wrong, the Kochi Tuskers owners took the matter to arbitration in 2012. An independent tribunal looked at all the facts. In June 2015, this tribunal ruled in favor of Kochi Tuskers Kerala.
The tribunal specifically directed the BCCI to pay ₹384.83 crore to Kochi Cricket Private Limited (KCPL) for lost earnings and ₹153.34 crore to Rendezvous Sports World (RSW) for a wrongfully cashed bank guarantee. These amounts also included interest and legal costs.
The Financial Fallout: Why ₹538 crore to be paid now?

The BCCI challenged the 2015 arbitration award in the Bombay High Court, arguing it was unfair and that the damages were too high. However, the recent Bombay HC ruling upheld the original arbitration decision.
This means the BCCI is now legally required to pay a total of over ₹538 crore, including accumulated interest since 2015, to the KTK owners. This represents a major financial loss and a significant legal defeat for the Indian cricket board.