After witnessing regular defiance of its hints, the ideally suited court-appointed Lodha panel had written to the banks, wherein BCCI holds accounts, now not to disburse any sort of funds for the monetary choices taken through the Board at its unique preferred assembly on September 30.
Reacting to Justice LM Lodha committee’s formidable reaction, a as a substitute miffed BCCI has reportedly determined to abandon the continued New Zealand servies, which has one test and five ODIs matches.
As in keeping with a report in Indian explicit, a senior BCCI legitimate said, “we have no option other than to call off the India-New Zealand series as our banks have decided to freeze BCCI accounts. We don’t want India to be humiliated in front of the world. How can we function, how can we hold any games now? Who will make the payment? Freezing a bank account is no joke. An international team is here, and there is so much at stake.”
The Lodha Panel letter reportedly examine, “it has come to the notice of this Committee that certain decisions have been taken at the ‘Emergent Working Committee’ meeting of the BCCI on 30th September 2016 to disburse large funds to the various member associations.”
“as the reputation record is to be taken up for guidelines through the Hon’ble court on Thursday, 6.10.2016, you are hereby directed now not to take any steps in the direction of financial disbursement of the quantities as resolved/approved after the route dated 31.8.2016. Any violation of this direction might be positioned earlier than the Hon’ble perfect court for suitable instructions.”
inside the letter, additionally addressed to BCCI secretary Ajay Shirke, CEO Rahul Johri and treasurer Anirudh Choudhary, it changed into written, “you are aware that by way of this Committee’s course dated 31.8.2016, no similarly choices have been to be taken concerning the destiny aside from routine matters. The disbursement of those quantities aren’t routine, and in any case, no longer emergent,” the committee said.
BCCI, seemingly, breached the judgment of the Hon’ble perfect courtroom as well as the first set of Timelines set out by the Lodha Committee which incorporates the Fund Disbursement policy to be framed by way of 30.9.2016.
It stays to be seen if each events reach a mutual settlement and retain the continued collection with New Zealand as clouds of uncertainity loom over.