Setback For Board Of Control For Cricket In India As Nimbus Gets Favorable Ruling
Former Board of Control for Cricket in India broadcaster Nimbus has been awarded a favorable judgement "in an on-going arbitration case between the two estranged parties," according to Vijay Tagore of the MUMBAI MIRROR. Justice V.C. Daga "is believed to have told the board that its stand on the OB equipment and technical service case is unsustainable." It "has been asked to cough up" Rs 12 crores ($2M). The verdict "is final and binding." The ruling is "seen as foreboding of things to come by for the Indian board." If two other cases go this very way, "the board could stand to lose hundreds of crores." But the most serious case "is the one involving the termination of the deal." Nimbus claimed that the decision is illegal and demanded Rs 4,000 crore ($658M) "as compensation." The BCCI's "claim on the matter" is Rs 302 crores ($50M) (MUMBAI MIRROR, 8/19).