The Bombay High Court bench of Justice G S Patel set aside an arbitrator's order that directed the Board of Control for Cricket in India (BCCI) to pay over Rs 4800 crore to Deccan Chronicle Holding Ltd  (DCHL )regarding a dispute for termination of the IPL team.

After BCCI conceptualized the IPL T20 tournament in 2008, DCHL was declared successful bidder for franchise Deccan Chargers from Hyderabad, and an agreement was signed between Deccan Chargers and the BCCI for ten years.

Deccan Chargers, owned by Deccan Chronicle Holdings Limited (DCHL), was one of the eight original teams of the Indian Premier League. It had also won the 2009 edition of the IPL, under the captaincy of Adam Gilchrist.

The arbitrator had held the termination illegal and awarded DCHL a compensation of Rs4,814.67 crore plus 10 percent interest that was to be computed from 2012.

However, BCCI terminated the franchise in September 2012. The BCCI also alleged that the franchise had breached the BCCI code. While DCHL tried to auction the franchise, it rejected the sole bid it received from PVP Ventures. Later BCCI terminated the contract and put all its players into the auction pool.

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