Wednesday, 19 January 2011

HC asks WSG, BCCI to settle dispute

The Bombay High Court has suggested Mauritius-based World Sports Group (WSG) and BCCI to settle their dispute cordially in regard to termination of their agreement on overseas telecast rights of IPL matches.
Both sides will inform the court whether this is acceptable to them and if they do not agree to this suggestion, the arguments on WSG's appeal will continue.

The suggestion was made by a division bench which heard an appeal filed by WSG against a single bench’s order dismissing its plea against BCCI’s decision to terminate the contract between them.
BCCI was represented by senior lawyer Rafiq Dada while WSG's appeal was argued by Aspi Chinoy.
Sony Entertainment Television (SET), owned by Multi Screen Media (MSM) Satellite, had also entered into agreement with the Cricket Board for telecast rights in India of IPL matches for the period 2009 to 2017, Chinoy argued.
Accordingly, they had agreed to pay WSG Rs 4.5 billion as facilitation fee (consideration) to enable WSG to relinquish their telecast rights for India. Unless WSG relinquished these rights, SET could not have entered into direct agreement with Cricket Board over telecast of rights.

Source:
http://cablequest.org/news/legal-news/item/733-hc-asks-wsg-bcci-to-settle-dispute.html
Source: http://cablequest.org/news/legal-news/item/733-hc-asks-wsg-bcci-to-settle-dispute.html

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