Supreme Court checks BCCI’s financial powers

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Chief Justice Thakur had directed that the pending Rs. 16.73 crore and any future funds would be released only after the State associations passed resolutions undertaking to comply with the panel’s reforms.

As for the remaining 13 member State associations who had received Rs. 16.73 crore, they can only use the money after passing their respective resolutions to implement the reforms.

The court had made it clear that continued defiance by State associations would witness their shares invested in fixed deposit accounts until they change their minds.

The court had barred further disbursal of amounts, courtesy a resolution passed by in the Annual General Meeting held on November 9, 2015 or “any subsequent resolution” by the BCCI or its Working Committee, until the State associations submit their written undertakings to unconditionally comply with the Lodha reforms.

“The sequence of events that have taken place since July 18, 2016 and referred to in the status report [of the Lodha Committee] prima facie give an impression that the BCCI has far from lending its fullest cooperation to the Committee adopted an obstructionist and at times a defiant attitude which the Committee has taken note of and described as an impediment undermining not only the Committee, but even the dignity of this court,” Chief Justice Thakur wrote in the October 7 order.

(Sourced from agencies, feature image courtesy:oneindia.com)

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