The ICC, whose Dispute Resolution Committee (DRC) had last month ruled in the BCCI’s favour and dismissed the $70 million compensation claim against it, today delivered another blow to the PCB. The amount is estimated at Rs150 million.
The global cricket governing body, in a press release today, announced that its DRC panel “has determined that the PCB should pay 60 per cent of the BCCI’s claimed costs as well as the administrative costs and expenses of the Panel” itself.Furthermore, the ICC said that its judgement on the matter is “binding and non-appealable”.
PCB officials were hopeful for a decision in their favour in the compensation case but the verdict announced on November 20 went against them.
The PCB had filed the compensation case against India during former chairman Najam Sethi’s era.
The board’s stance in the case was that the Indian board had signed an MoU with Pakistan in 2014 in order to restore the bilateral series between the two countries which have remained suspended for the last 11 years. However the BCCI has refused to honour their commitment and have not implemented the conditions agreed in the MoU.
The PCB had demanded 70 million dollars in compensation from India, saying that a Memorandum of Understanding (MoU) signed in 2014 had guaranteed six India-Pakistan bilateral series between 2015 and 2023, four of which would be hosted by Pakistan.
Responding to ICC’s decision today, the PCB said it was disappointed in the original decision as well as the award given against it.
“The award of significantly lesser costs than claimed by BCCI reflects that PCB’s case had merits,” the board further said.
from Latest News - SUCH TV https://ift.tt/2QCSdvj
0 comments: