New Delhi: The BCCI on Wednesday rejected Sahara Group's claim that it had failed to expedite the arbitration process to reduce franchisee fee, saying that it has acted as per the rules and was not responsible for the situation.
A day after Sahara Group pulled out of the IPL, citing BCCI's decision to encash its bank guarantee following a prolonged financial dispute, the BCCI came out with its version saying that they have always wanted the impasse to end.
The Board said it has not received any direct communication from the franchisee, Sahara Adventure Sports Limited, on the pull out decision but confirmed that it had encashed a part of due franchisee fee of Rs 120 crore for the year 2013.
"The IPL Governing Council met with representatives of the franchisee on 21 February 2013 and received assurances that the franchisee would settle all obligations as they fell due. Once the 3 April 2013 due date had passed, the Governing Council had two letters sent to Sahara Adventure Sports Limited, one on 12 April 2013 and the second on 24 April 2013 requesting settlement of the overdue amount....
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07:10 PM, May 22, 2013
Greater Noida: In a tragic incident in Greater Noida, one person died on Saturday after falling from a height while taking part in an adventure sport in a mall that was being inaugurated. The person fell from a height while climbing down a glass wall, which was a part of the stunt exhibition on the occasion of the inauguration of the AMR Mall, and was rushed to a hospital, where...
05:09 PM, Apr 07, 2012
Adventure, nature or religion, Ladakh's a one-stop shop for tourism. ...
11:28 AM, Sep 07, 2009
Adventure sports lovers have hit the worst roads with zeal. ...
11:49 AM, Aug 03, 2009
Adventure-cum-luxury is the new mantra of travel operators. ...
01:58 PM, Jun 08, 2009
Bhargav was trying reverse bungee jumping on the outskirts of Bangalore. ...
02:52 AM, Apr 13, 2009
The man died while doing a reverse bungee jump. ...
05:47 PM, Apr 12, 2009
London: England captain Alastair Cook believes the team's best limited overs days are ahead of them even though they are now again the world's top-ranked side in 50-over international cricket. Cook's men briefly lost their place at the summit of the standings after a heavy defeat by South Africa in Southampton last week. But they bounced back in London following wins by four and six wickets in the one-day internationals ...
07:45 PM, Jun 22, 2008
Mirpur: A superb bowling effort paved the way for Khulna Royal Bengals' second win of the inaugural Bangladesh Premier League, a seven-wicket defeat of Barisal Burners at the Shere Bangla National Stadium on Monday. Having lost six wickets inside 11 overs, Barisal struggled to forge partnerships and limped to 125, a total that was overhauled with minimal fuss to boost Khulna's spirits after a big defeat to Chittagong Kings on...
03:06 PM, Apr 23, 2008
In an effort to revive J&K's main revenue earner, tourism, the state govt is promoting adventure sports in Doda. ...
05:40 PM, Apr 28, 2007
Manmohan Singh wants to thaw the freezing frontiers of Siachen by setting up a mountaineering base. ...
08:01 AM, Nov 13, 2006
