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Tag: RM Lodha

  • Lodha asks BCCI top officials to step down; recommends ex-home secy as head

    Lodha asks BCCI top officials to step down; recommends ex-home secy as head

    MUMBAI: The Board of Control for Cricket in India (BCCI) top officials have been asked to step down by the Lodha Committee.

    The committee has submitted a report to the Supreme Court and recommended that all office-bearers of the BCCI and state cricket boards who don’t fulfil the necessary conditions laid down by the apex court be disqualified, the Times of India reported.

    The panel, in its report to the SC on 18 November, has recommended GK Pillai, who was the home secretary during the previous UPA regime, to supervise the administration of the BCCI as its CEO.

    The Lodha panel has been at loggerheads with the BCCI management led by BJP MP Anurag Thakur. The latest report makes a mention of “continued non-compliance by the office bearers of the BCCI.”

    Recently, the SC dismissed a review petition validating the reforms suggested by the Lodha Commission. The SC had asked the BCCI to implement the reforms. Lodha Committee had sought sweeping changes in the way the board was running cricket at the central as well as state levels.

    The country’s top court had given BCCI between four and six months to implement the recommendations and appointed former chief justice RM Lodha to oversee the transition.

  • Lodha asks BCCI top officials to step down; recommends ex-home secy as head

    Lodha asks BCCI top officials to step down; recommends ex-home secy as head

    MUMBAI: The Board of Control for Cricket in India (BCCI) top officials have been asked to step down by the Lodha Committee.

    The committee has submitted a report to the Supreme Court and recommended that all office-bearers of the BCCI and state cricket boards who don’t fulfil the necessary conditions laid down by the apex court be disqualified, the Times of India reported.

    The panel, in its report to the SC on 18 November, has recommended GK Pillai, who was the home secretary during the previous UPA regime, to supervise the administration of the BCCI as its CEO.

    The Lodha panel has been at loggerheads with the BCCI management led by BJP MP Anurag Thakur. The latest report makes a mention of “continued non-compliance by the office bearers of the BCCI.”

    Recently, the SC dismissed a review petition validating the reforms suggested by the Lodha Commission. The SC had asked the BCCI to implement the reforms. Lodha Committee had sought sweeping changes in the way the board was running cricket at the central as well as state levels.

    The country’s top court had given BCCI between four and six months to implement the recommendations and appointed former chief justice RM Lodha to oversee the transition.

  • IPL media rights bidding postponed sine die

    IPL media rights bidding postponed sine die

    MUMBAI: The BCCI has made it clear that the media rights auction cannot take place till the time it gets a concrete go-ahead and a formal approval from the Justice RM Lodha committee. Till the evening of 24 October (Monday), BCCI did not receive the okay from the committee which said, “it is in receipt of the communications from the BCCI and that it would issue directions after meeting amongst themselves.”

    Uncertainty loomed over auction as representatives from the 18 international bidders who have bought the ITT documents would have their business schedule in a mess. If the BCCI goes ahead with the bidding process, it could cause contempt of court.

    The BCCI had appointed Deloitte to supervise the opening and studying of the bid. Before the SC order came on Friday, the tenders were slated to be submitted on October 25.

    The BCCI had been awaiting a response from the Justice Lodha panel on the appointment of an independent auditor. Today being the scheduled day for opening of bidding for broadcast, mobile and internet rights, the auditor may not come through as the three-member panel is not meeting (on Tuesday). The Lodha panel was earlier expected to meet on October 21 but the meeting was later cancelled.

    BCCI gave a third reminder to the Lodha panel on Sunday, asking it whether they could stage Tuesday’s media rights bidding or not. The board also explained how the uncertainty surrounding the bidding process has given rise to several queries from the prospective bidders. In a letter, BCCI also reminded the panel how the board has submitted all the relevant papers in time and how clarity would be needed to complete the bidding process.

    It was also disclosed that the board would continue to discuss the matter with all the stake-holders of the game on Tuesday with a hope that the Lodha panel would take necessary steps.

    BCCI, in a statement, stated late last night:

    Indian Premier League Media Rights (Television & Digital)

    The global tender for award Indian Premier League Media Rights (Television & Digital) for the cricket season 2018 and onwards was issued on the 19th of September 2016 after a detailed exercise by the Board of Control for Cricket in India (“BCCI”). The BCCI team invested a lot of time and money in framing of a tender with norms to ensure the highest levels of transparency.

    It was expected that the new IPL season rights that were to be awarded would bring in huge revenue for the game of cricket and expectations amongst the BCCI, players and the cricket loving public ran high in the build up to the award of the IPL tender. This was more so in view of the fact that the IPL has been successfully piloted by the BCCI with support of all stakeholders to become one of the important events in the world cricketing calendar and has apart from providing a platform for showcasing domestic cricket talent resulted in the country being projected as an important sporting destination. In fact the IPL has resulted in the active building of Brand India and has brought laurels to the country.  The IPL has also contributed substantially to the Indian Economy.

    At the time the tender was floated and even till date there has been no complaint by any person that the tender was being issued in a non-transparent manner or that there appeared to be problems with any of its terms and conditions. The Potential Bidders who bought the Tender document had requested for certain Clarification, to which BCCI issued responses in 2 sets. Set 1 of the response to Clarification was issued on 14th October 2016 and Set 2 was issued on 20th October 2016. Based on the clarification issued, BCCI was subsequently to issue the Revised Media Rights Agreements (MRAs) along with the order relevant documents, which were not issued on account of the Hon’ble Supreme Court Order.

    The BCCI has also appointed independent agencies to vet the legal, financial and technical details of the bids as well as the bidders.

    In the meanwhile the BCCI received a copy of the judgment of the Hon’ble Supreme Court in CA No.4235/2014 – BCCI v. Cricket Association of Bihar & Ors. dated 21.10.2016 (“Judgment”) at 650pm issuing the following directions in relation to tender processes being undertaken by the BCCI:

    “(ii)(a) The Committee appointed by this Court is requested to appoint an independent auditor to scrutinise and audit the income received and expenditure incurred by BCCI; (b) The auditor shall also oversee the tendering process that will hereinafter be undertaken by BCCI, as well as the award of contracts above a threshold value to be fixed by the Committee; (c) The award of contracts by BCCIabove the threshold fixed by the Committee shall be subject to the prior approval of the Committee; (d) The Committee shall be at liberty to obtain the advice of the auditors on the fairness of the tendering process which has been adopted by BCCIand in regard to all relevant facts and circumstances; (e) The Committee will determine whether a proposed contract above the threshold value should or should not be approved; and (f) The Committee will be at liberty to formulate the terms of engagement and reference to the auditors having regard to the above directions.  BCCI shall defray the costs, charges and expenses of the auditors.”  

    In view of the aforesaid directions, as the Committee has been entrusted by the Hon’ble Supreme Court with the mandate of overseeing the tender process and in effect is now the custodian of the IPL tender process and has to take all actions to safeguard the IPL tender and the interest of BCCI and cricket in India, the BCCI wrote to the Committee on 21st October 2016 itself immediately on receipt of the Judgment, inter alia seeking guidance on (a) whether to defer the IPL tender or (b) to cancel the same and (c) requesting that the name of the auditor appointed be intimated to the BCCI to ensure that he could be associated with the IPL tender. Further, BCCI has sent all the IPL Media Rights Tender documents to the Committee along with the Revised MRAs and relevant documents, which are yet to be issued to the Potential Bidders.

    Keeping in view the urgency in the matter, the BCCI has informed the Committee that the tender process being underway there were certain timelines that potential bidders were following. The BCCI also informed the Committee that a large number of potential bidders had travelled to the country from outside as bids had to be submitted in person.

    The BCCI has accordingly sent requests on 23rd October 2016 and 24th October 2016 to the Committee on the aforesaid lines and requested for confirmation of receipt of emails and an urgent response to avoid any uncertainty in the IPL tender process to avoid any inconvenience to potential bidders. The BCCI also informed the Committee that any delay in responding and resultant uncertainty was hurting the commercial interest of the BCCI as it would lead to devaluation of the commercial rights that were to be awarded.

    The BCCI has also received numerous queries from potential bidders explaining the hardship being faced by them due to the inability of the BCCI to address their queries and to furnish a clear roadmap on the way forward.  

    Today (on Monday, 24 october) at 3:07 pm the BCCI has received a response from the Committee asking for certain further undertakings from the BCCI and sought further clarifications. These have accordingly been furnished to the Committee. The BCCI has received a response from the Committee a short while ago stating that it is in receipt of the communications from the BCCI and that it would issue directions after meeting amongst themselves.

    The BCCI, apart from the above communication, has so far at the time of going to Press, not received any further directions from the Committee, which is now the custodian of the entire process and has been tasked with the duty to ensure that the tender process is undertaken in a professional and transparent manner with least inconvenience to all stakeholders. Once the BCCI receives a response from the Committee it shall bring the same to the notice of all stakeholders as the BCCI is currently not in a position to take any decision in the matter other than what the Committee recommends. In the absence of permission from the Committee to go ahead with the process scheduled for tomorrow, the BCCI is unable to do so.

    The BCCI requests all bidders to appreciate that the events as have occurred were unforeseen and something over which the BCCI has no control. The potential bidders would appreciate that in the past the BCCI has responded to all queries to potential bidders in a prompt fashion and has conducted the entire process in a fair, transparent and professional manner.

    BCCI offers its sincere apology to all potential bidders and stakeholders who have put in efforts to put together bids by expending considerable time and resources, and have travelled from all across the country and the world to take part in this event.

  • IPL media rights bidding postponed sine die

    IPL media rights bidding postponed sine die

    MUMBAI: The BCCI has made it clear that the media rights auction cannot take place till the time it gets a concrete go-ahead and a formal approval from the Justice RM Lodha committee. Till the evening of 24 October (Monday), BCCI did not receive the okay from the committee which said, “it is in receipt of the communications from the BCCI and that it would issue directions after meeting amongst themselves.”

    Uncertainty loomed over auction as representatives from the 18 international bidders who have bought the ITT documents would have their business schedule in a mess. If the BCCI goes ahead with the bidding process, it could cause contempt of court.

    The BCCI had appointed Deloitte to supervise the opening and studying of the bid. Before the SC order came on Friday, the tenders were slated to be submitted on October 25.

    The BCCI had been awaiting a response from the Justice Lodha panel on the appointment of an independent auditor. Today being the scheduled day for opening of bidding for broadcast, mobile and internet rights, the auditor may not come through as the three-member panel is not meeting (on Tuesday). The Lodha panel was earlier expected to meet on October 21 but the meeting was later cancelled.

    BCCI gave a third reminder to the Lodha panel on Sunday, asking it whether they could stage Tuesday’s media rights bidding or not. The board also explained how the uncertainty surrounding the bidding process has given rise to several queries from the prospective bidders. In a letter, BCCI also reminded the panel how the board has submitted all the relevant papers in time and how clarity would be needed to complete the bidding process.

    It was also disclosed that the board would continue to discuss the matter with all the stake-holders of the game on Tuesday with a hope that the Lodha panel would take necessary steps.

    BCCI, in a statement, stated late last night:

    Indian Premier League Media Rights (Television & Digital)

    The global tender for award Indian Premier League Media Rights (Television & Digital) for the cricket season 2018 and onwards was issued on the 19th of September 2016 after a detailed exercise by the Board of Control for Cricket in India (“BCCI”). The BCCI team invested a lot of time and money in framing of a tender with norms to ensure the highest levels of transparency.

    It was expected that the new IPL season rights that were to be awarded would bring in huge revenue for the game of cricket and expectations amongst the BCCI, players and the cricket loving public ran high in the build up to the award of the IPL tender. This was more so in view of the fact that the IPL has been successfully piloted by the BCCI with support of all stakeholders to become one of the important events in the world cricketing calendar and has apart from providing a platform for showcasing domestic cricket talent resulted in the country being projected as an important sporting destination. In fact the IPL has resulted in the active building of Brand India and has brought laurels to the country.  The IPL has also contributed substantially to the Indian Economy.

    At the time the tender was floated and even till date there has been no complaint by any person that the tender was being issued in a non-transparent manner or that there appeared to be problems with any of its terms and conditions. The Potential Bidders who bought the Tender document had requested for certain Clarification, to which BCCI issued responses in 2 sets. Set 1 of the response to Clarification was issued on 14th October 2016 and Set 2 was issued on 20th October 2016. Based on the clarification issued, BCCI was subsequently to issue the Revised Media Rights Agreements (MRAs) along with the order relevant documents, which were not issued on account of the Hon’ble Supreme Court Order.

    The BCCI has also appointed independent agencies to vet the legal, financial and technical details of the bids as well as the bidders.

    In the meanwhile the BCCI received a copy of the judgment of the Hon’ble Supreme Court in CA No.4235/2014 – BCCI v. Cricket Association of Bihar & Ors. dated 21.10.2016 (“Judgment”) at 650pm issuing the following directions in relation to tender processes being undertaken by the BCCI:

    “(ii)(a) The Committee appointed by this Court is requested to appoint an independent auditor to scrutinise and audit the income received and expenditure incurred by BCCI; (b) The auditor shall also oversee the tendering process that will hereinafter be undertaken by BCCI, as well as the award of contracts above a threshold value to be fixed by the Committee; (c) The award of contracts by BCCIabove the threshold fixed by the Committee shall be subject to the prior approval of the Committee; (d) The Committee shall be at liberty to obtain the advice of the auditors on the fairness of the tendering process which has been adopted by BCCIand in regard to all relevant facts and circumstances; (e) The Committee will determine whether a proposed contract above the threshold value should or should not be approved; and (f) The Committee will be at liberty to formulate the terms of engagement and reference to the auditors having regard to the above directions.  BCCI shall defray the costs, charges and expenses of the auditors.”  

    In view of the aforesaid directions, as the Committee has been entrusted by the Hon’ble Supreme Court with the mandate of overseeing the tender process and in effect is now the custodian of the IPL tender process and has to take all actions to safeguard the IPL tender and the interest of BCCI and cricket in India, the BCCI wrote to the Committee on 21st October 2016 itself immediately on receipt of the Judgment, inter alia seeking guidance on (a) whether to defer the IPL tender or (b) to cancel the same and (c) requesting that the name of the auditor appointed be intimated to the BCCI to ensure that he could be associated with the IPL tender. Further, BCCI has sent all the IPL Media Rights Tender documents to the Committee along with the Revised MRAs and relevant documents, which are yet to be issued to the Potential Bidders.

    Keeping in view the urgency in the matter, the BCCI has informed the Committee that the tender process being underway there were certain timelines that potential bidders were following. The BCCI also informed the Committee that a large number of potential bidders had travelled to the country from outside as bids had to be submitted in person.

    The BCCI has accordingly sent requests on 23rd October 2016 and 24th October 2016 to the Committee on the aforesaid lines and requested for confirmation of receipt of emails and an urgent response to avoid any uncertainty in the IPL tender process to avoid any inconvenience to potential bidders. The BCCI also informed the Committee that any delay in responding and resultant uncertainty was hurting the commercial interest of the BCCI as it would lead to devaluation of the commercial rights that were to be awarded.

    The BCCI has also received numerous queries from potential bidders explaining the hardship being faced by them due to the inability of the BCCI to address their queries and to furnish a clear roadmap on the way forward.  

    Today (on Monday, 24 october) at 3:07 pm the BCCI has received a response from the Committee asking for certain further undertakings from the BCCI and sought further clarifications. These have accordingly been furnished to the Committee. The BCCI has received a response from the Committee a short while ago stating that it is in receipt of the communications from the BCCI and that it would issue directions after meeting amongst themselves.

    The BCCI, apart from the above communication, has so far at the time of going to Press, not received any further directions from the Committee, which is now the custodian of the entire process and has been tasked with the duty to ensure that the tender process is undertaken in a professional and transparent manner with least inconvenience to all stakeholders. Once the BCCI receives a response from the Committee it shall bring the same to the notice of all stakeholders as the BCCI is currently not in a position to take any decision in the matter other than what the Committee recommends. In the absence of permission from the Committee to go ahead with the process scheduled for tomorrow, the BCCI is unable to do so.

    The BCCI requests all bidders to appreciate that the events as have occurred were unforeseen and something over which the BCCI has no control. The potential bidders would appreciate that in the past the BCCI has responded to all queries to potential bidders in a prompt fashion and has conducted the entire process in a fair, transparent and professional manner.

    BCCI offers its sincere apology to all potential bidders and stakeholders who have put in efforts to put together bids by expending considerable time and resources, and have travelled from all across the country and the world to take part in this event.

  • US$ 4.5 bn expected from IPL rights; SC recommends accounts scrutiny

    US$ 4.5 bn expected from IPL rights; SC recommends accounts scrutiny

    MUMBAI: The Supreme Court on Friday froze all financial transactions between the BCCI and state cricket associations by directing the apex body not to disburse any funds till it resolves to abide by the Justice RM Lodha panel recommendations on reforms by 3 December . The top court ordered that none of the BCCI’s member-state associations will get a rupee till it complies in “letter and spirit” with the Lodha Committee reforms.  

    In a judgment, which was not announced beforehand or notified in the court’s cause list, a Bench, led by Chief Justice of India T.S. Thakur stood firm by its October 7 decision to choke the financial stream of the BCCI’s 25 state cricket associations till they fall in line. The judgment, pronounced by Justice D Y Chandrachud, asked the panel secretary to send a copy of the apex court order to the ICC chairman Shashank Manohar.

    The judgment asked the committee to appoint an independent auditor to scrutinise the BCCI accounts and set financial limits for contracts. According to reports, BCCI is expecting close to USD 4.5 billion from sale of three IPL rights – TV, internet and mobile.

    BCCI president Anurag Thakur and secretary Ajay Shirke have been ordered to file compliance reports before the Committee and the Supreme Court in two weeks.

    Chief Justice Thakur, on October 7, made the court’s stand clear by ordering that the BCCI will not disburse Rs. 16.73 crore each to 12 state cricket associations. These associations were yet to get the balance payment of their share from nearly Rs. 2,500 crore the BCCI had received towards compensation on account of termination of Champion League T 20.

    The appointment of auditors is significant as the multi-million dollar Indian Premier League (IPL) media rights are to be awarded for the next 10 years, starting 2018. Sony Pictures Networks holds the current IPL media rights till 2017, which it won with a whopping USD 1.6 billion bid. 

    Star India, Twitter, Facebook, Sony Pictures and Reliance Jio are now the major names in fray for the media rights.

    Here are the top developments of the BCCI-Lodha panel case: On July 14, 2016, a two-judge Supreme Court bench, that included current Chief Justice of India TS Thakur, empowered the Justice RM Lodha-led panel to implement a series of reforms to bring in more transparency in BCCI’s style of governance. The committee suggested major reforms that included age caps, tenure restrictions, one-man-one-post, one state-one-vote, among others. The reforms were binding and would apply to the Board as well as its state units.

    Lodha panel set BCCI two deadlines – September 30 to make constitutional changes (adopt the Memorandum of Association and Rules) and December 15 for the Board to form a nine-member Apex committee that will replace the powerful working committee

    BCCI appointed former Supreme Court judge Justice Markandey Katju to review the Lodha panel recommendations. Katju called the Lodha panel “unconstitutional and illegal.” The BCCI promptly filed a review petition in the Supreme Court in July.

    In August, BCCI secretary met the Lodha committee saying the AGM will conduct “routine” business. On the contrary, the Board advertised inviting applications for the post of selectors. Its agenda also included formation of a new working committee and even an ombudsman – all in defiance of Lodha panel orders.

    Saying the BCCI conducted more than just “routine” matters, the Lodha panel filed a status report to the Supreme Court on September 28, complaining of non-compliance of its orders. The panel wanted BCCI’s top brass to be “superseded”. 

    BCCI, on October 1, cherry-picked a few Lodha panel recommendations but made no decision on the important proposals like one-state-one-unit and age and tenure caps for officials. BCCI also decided to disburse large sums of money (approximately Rs 400 crore) earned from TV rights to state units as infrastructure grants.

    Lodha panel told BCCI’s bankers – Bank of Maharashtra and Yes Bank – to stop disbursing grants to state units without its approval. BCCI president Anurag Thakur told media that freezing of accounts will force BCCI to cancel the India vs New Zealand Test series. Justice Lodha clarified on October 4 that BCCI was misinterpreting its order to the banks. The panel never stopped any money for staging matches.

    The Supreme Court, on 6 October, gave an ultimatum to the BCCI to ‘unconditionally’ accept the Lodha reforms or it will pass an order. BCCI refuses to give any such undertaking asking for time till 17 October. The top court gave the BCCI time till December 3 to implement reforms recommended by the Lodha panel. 

    The court had made it clear that continued defiance by state associations would witness their shares invested in fixed deposit accounts until they change their minds. The court had barred further disbursal of amounts, courtesy a resolution passed by in the Annual General Meeting held on November 9, 2015 or “any subsequent resolution” by the BCCI or its Working Committee, until the state associations submit their written undertakings to unconditionally comply with the Lodha reforms.

  • US$ 4.5 bn expected from IPL rights; SC recommends accounts scrutiny

    US$ 4.5 bn expected from IPL rights; SC recommends accounts scrutiny

    MUMBAI: The Supreme Court on Friday froze all financial transactions between the BCCI and state cricket associations by directing the apex body not to disburse any funds till it resolves to abide by the Justice RM Lodha panel recommendations on reforms by 3 December . The top court ordered that none of the BCCI’s member-state associations will get a rupee till it complies in “letter and spirit” with the Lodha Committee reforms.  

    In a judgment, which was not announced beforehand or notified in the court’s cause list, a Bench, led by Chief Justice of India T.S. Thakur stood firm by its October 7 decision to choke the financial stream of the BCCI’s 25 state cricket associations till they fall in line. The judgment, pronounced by Justice D Y Chandrachud, asked the panel secretary to send a copy of the apex court order to the ICC chairman Shashank Manohar.

    The judgment asked the committee to appoint an independent auditor to scrutinise the BCCI accounts and set financial limits for contracts. According to reports, BCCI is expecting close to USD 4.5 billion from sale of three IPL rights – TV, internet and mobile.

    BCCI president Anurag Thakur and secretary Ajay Shirke have been ordered to file compliance reports before the Committee and the Supreme Court in two weeks.

    Chief Justice Thakur, on October 7, made the court’s stand clear by ordering that the BCCI will not disburse Rs. 16.73 crore each to 12 state cricket associations. These associations were yet to get the balance payment of their share from nearly Rs. 2,500 crore the BCCI had received towards compensation on account of termination of Champion League T 20.

    The appointment of auditors is significant as the multi-million dollar Indian Premier League (IPL) media rights are to be awarded for the next 10 years, starting 2018. Sony Pictures Networks holds the current IPL media rights till 2017, which it won with a whopping USD 1.6 billion bid. 

    Star India, Twitter, Facebook, Sony Pictures and Reliance Jio are now the major names in fray for the media rights.

    Here are the top developments of the BCCI-Lodha panel case: On July 14, 2016, a two-judge Supreme Court bench, that included current Chief Justice of India TS Thakur, empowered the Justice RM Lodha-led panel to implement a series of reforms to bring in more transparency in BCCI’s style of governance. The committee suggested major reforms that included age caps, tenure restrictions, one-man-one-post, one state-one-vote, among others. The reforms were binding and would apply to the Board as well as its state units.

    Lodha panel set BCCI two deadlines – September 30 to make constitutional changes (adopt the Memorandum of Association and Rules) and December 15 for the Board to form a nine-member Apex committee that will replace the powerful working committee

    BCCI appointed former Supreme Court judge Justice Markandey Katju to review the Lodha panel recommendations. Katju called the Lodha panel “unconstitutional and illegal.” The BCCI promptly filed a review petition in the Supreme Court in July.

    In August, BCCI secretary met the Lodha committee saying the AGM will conduct “routine” business. On the contrary, the Board advertised inviting applications for the post of selectors. Its agenda also included formation of a new working committee and even an ombudsman – all in defiance of Lodha panel orders.

    Saying the BCCI conducted more than just “routine” matters, the Lodha panel filed a status report to the Supreme Court on September 28, complaining of non-compliance of its orders. The panel wanted BCCI’s top brass to be “superseded”. 

    BCCI, on October 1, cherry-picked a few Lodha panel recommendations but made no decision on the important proposals like one-state-one-unit and age and tenure caps for officials. BCCI also decided to disburse large sums of money (approximately Rs 400 crore) earned from TV rights to state units as infrastructure grants.

    Lodha panel told BCCI’s bankers – Bank of Maharashtra and Yes Bank – to stop disbursing grants to state units without its approval. BCCI president Anurag Thakur told media that freezing of accounts will force BCCI to cancel the India vs New Zealand Test series. Justice Lodha clarified on October 4 that BCCI was misinterpreting its order to the banks. The panel never stopped any money for staging matches.

    The Supreme Court, on 6 October, gave an ultimatum to the BCCI to ‘unconditionally’ accept the Lodha reforms or it will pass an order. BCCI refuses to give any such undertaking asking for time till 17 October. The top court gave the BCCI time till December 3 to implement reforms recommended by the Lodha panel. 

    The court had made it clear that continued defiance by state associations would witness their shares invested in fixed deposit accounts until they change their minds. The court had barred further disbursal of amounts, courtesy a resolution passed by in the Annual General Meeting held on November 9, 2015 or “any subsequent resolution” by the BCCI or its Working Committee, until the state associations submit their written undertakings to unconditionally comply with the Lodha reforms.