While the BCCI awarded the domestic cricket rights to Star TV today, the debacle over previous rights owner Nimbus continues at the Supreme Court in India.
In February, The Bombay High Court had directed Nimbus, which operates Neo Sports and Neo Cricket, to bank guarantee Rs. 3.05 billion within two weeks pending hearing of its dispute with BCCI.
Nimbus said the Bombay High Court was not right in directing it to furnish security in the form of a bank guarantee for the entire claim amount. It also stated that the BCCI�۪s claim for damages at the rate of Rs 310 million per game played by the Indian team was unreasonable.
The BCCI had in December terminated Nimbus’ broadcast rights contract contending that the later has been a regular defaulter of payments following the broadcaster’s inability to pay the rights fee for the England and West Indies home series.
The case has now been listed for Thursday 4th April.
