The under-fire Board of Control for Cricket in India on Friday adjourned its crucial Special General Meeting, called to consider the sweeping reforms suggested by the Supreme Court-appointed Lodha Committee, on technical grounds.
The pandemic caused construction delays at its ongoing projects due to several factors such as lockdowns enforced by government agencies, work-stoppage orders, disruptions in the supply of materials and shortage of labour resulted in failure to meet development milestones.
Of the ruling alliance Mahayuti, NCP ministers Dilip Walse Patil and Chhagan Bhujbal filed the papers for Ambegaon and Yeola seats, respectively, while their cabinet colleague from the BJP
Bank of America Merrill Lynch and JP Morgan are bankers for the bonds
The order, which set aside the August 9 ruling of a single-judge bench, prevented the group entities from publishing the voting results of the last AGM. However, the firms will now be able to execute decisions taken at the AGM last year. People in the know said the Birlas would appeal against the order in a higher court.
The Board of Control for Cricket in India on Wednesday adopted Lodha panel recommended reforms, barring the five contentious ones, at its Special General Meeting in New Delhi.
BCCI CEO Rahul Johri will need to get assurances from all the state associations that there will be no disruption in organisation of cricket matches under aegis of the board, the Supreme Court-appointed Lodha Committee said on Wednesday.
In the wake of the Lodha Committee recommendations, the Board of Control for Cricket in India is staring at a leadership crisis as 95 per cent of the top brass will be wiped out if the report is implemented with retrospective effect.
The Board of Control for Cricket in India (BCCI), in its response in the Supreme Court, has refuted allegations of non-compliance with Justice RM Lodha-led panel's recommendations, saying that "records of 40 mails" exchanged with Justice Lodha will be submitted before the apex court.
The Supreme Court on Tuesday asked the state cricket associations and the Board of Control for Cricket in India office-bearers to give their suggestions on the draft constitution for the apex cricket body, to be approved by it.
Birla Corporation has grown from a Rs 1,763-crore company to Rs 3,200 crore; profitability, however, has suffered due to the slowdown.
'Just this year alone, close to 40 major transactions involving Bollywood stars have been recorded.'
Suspended from all cricket-related activity for life by the Supreme Court-appointed Justice R S Lodha committee, former Rajasthan Royals co-owner Raj Kundra said he is shocked and disappointed by the punishment handed out to him.
Justice Lodha said the verdict of the Supreme Court is supreme, after the panel filed its status report which has called for the removal of BCCI President Anurag Thakur and Secretary Ajay Shirke for non-compliance of the apex court's orders.
Mumbai Cricket Association, headed by former BCCI President Sharad Pawar, would file an intervention application before the Supreme Court to highlight the difficulties in implementing Justice R M (retired) Lodha Committee's recommendations to restructure the Board. This was decided at a meeting of the MCA's Managing Committee, said a media release today from the association's joint secretaries, P V Shetty and Unmesh Khanvilkar. "In a meeting of the Managing Committee of the Mumbai Cricket Association to discuss the far ranging consequences of the Lodha Committee's recommendations, it was unanimously decided that the Mumbai Cricket Association would file an intervention application before the Supreme Court and highlight the difficulties and inconsistencies in the report," the media release said. "Accordingly, the members unanimously authorised Joint Honorary Secretaries and Vice President Ashish Shelar to seek appropriate legal advice and file necessary applications before the Court," the release added.
The Supreme Court verdict on BCCI reforms came under a sharp attack from former apex court judge Markandey Katju, who termed the reforms as "unconstitutional and illegal."
The Board of Control for Cricket in India alleged in the Supreme Court that the Justice Rajendra-Mal Lodha committee is trying to "run cricket" in the country by giving directions regarding match schedule, including the cash-rich Indian Premier League, which is beyond its jurisdiction.
Recommendations would force Sharad Pawar out as MCA chief.
The other bidders included some West Asian and Russian hotel chains.
Cricket Association of Bihar (CAB) Secretary, Aditya Verma has criticised BCCI for appointing a new CEO without following the guidelines prescribed by the Lodha committee.
The Supreme Court on Friday adjourned the hearing regarding the Justice (Retd.) R.M Lodha-led committee's recommendations and the Board of Control for Cricket in India's (BCCI) constant reluctance to accept all recommendations till December 14.
Former India captains Bishan Singh Bedi and Anil Kumble along with yesteryear's great Mohinder Amarnath had deposed before the Justice Lodha Committee as they prepare an exhaustive report on the restructuring and reforms that need to be carried by the BCCI.
The revival in Mumbai's property market could help the group.
Former Goa Cricket Association (GCA) president Shekhar Salkar said more clarification is needed on some of the Lodha Committee recommendations calling for massive overhaul of the functioning of the Board of Control for Cricket in India and administration of the popular sport.
The Supreme Court is likely to pass direction, on Monday, over Justice Lodha committee plea alleging that the Board of Control for Cricket in India (BCCI) is violating the apex court order and committee directions regarding the BCCI reforms.
'If Indian Prez can be over 70, why can't we be in BCCI'
implementable' There was no end to the stalemate surrounding the Board of Control for Cricket in India's standoff with the Lodha Committee with the Board deciding to continue its opposition to some of the reforms suggested by the Supreme Court-appointed panel after a meeting, in New Delhi, on Saturday.
The Board of Control for Cricket in India (BCCI) president Anurag Thakur, on Monday, asserted that the Indian cricket board is ready to implement the Lodha Panel recommendations but added that the state cricket associations are still confused over the reforms.
The Supreme Court-appointed Justice RM Lodha Panel will meet on August 28 to discuss various issues concerning the BCCI, including the multiple complaints received against the Board. "In the light of several complaints received, Lodha Committee will have an emergent meeting on Sunday 28 August in New Delhi," a source close to the panel told PTI on Wednesday.
The 30-year-old managing director of the Lodha Group, who had a stint with McKinsey before joining the group which is the same age as him, clearly walks the talk.
Not a single immovable article was missing from the house though 18 months had passed since the death of Priyamvada Birla.
The Supreme Court appointed Justice RM Lodha Committee, whose recommended reforms are to be implemented by the BCCI in the next six months, has directed the Indian Cricket Board to freeze all elections post Monday's verdict by the apex court.
The GCA at its Special General Body meeting held in Porvorim on Sunday adopted the resolution with 86 votes in its favour while one member cricket club voted against it.
The Supreme Court-appointed Justice Lodha Panel denied that it had painted cricket selectors as morally 'depraved and despicable' individuals as has been reported in a section of the media, saying that there was no attempt on its part to do so. Quoting BCCI Secretary Ajay Shirke, reports in a section of the media had said that a member of the Lodha panel had made accusations that cricket selectors took "sexual favours" while picking players.
In a complete defiance of the Supremer Court, the Board of Control for Cricket in India, on Saturday, rejected key recommendations of the Lodha Committee, like one-state one-vote, age limit of 70 years and cooling-off period of three years, setting the stage for another round of confrontation with the apex court.
The Birla-Lodha fight over the Rs 5000 crore (Rs 50 billion) empire of M P Birla reached the Supreme Court on Friday when the Lodha group approached it challenging a Calcutta high court
In the wake of Lodha Committee report, the Board of Control for Cricket in India's top brass on Wednesday said the Board is still 'confused' over the kind of payments that can be made from the two bank accounts which had come under the scanner of the Supreme Court-appointed panel.
The Supreme Court appointed Justice Rajendra Mal Lodha-panel on Tuesday categorically instructed the Board of Control for Cricket in India to implement a 15-step reform by October 15 ranging from constitutional reforms to principles of awarding various contracts, including the lucrative television rights.
