IPL News

BCCI asked foreign Kochi IPL players to sue owners

The defunct IPL franchise Kochi Tuskers Kerala is facing more trouble as the BCCI, the administrator of the Indian Premier League, has requested foreign players who signed contracts with the franchise to file individual court cases against the owners to recover their dues. The BCCI has assured the players that they will receive their money, but this legal requirement necessitates the players to file individual cases. Mahela Jayawardene, Muttiah Muralitharan, Brendon McCullum, and Steven Smith are among the foreign players who signed contracts with Kochi Tuskers Kerala for two IPL seasons.

In September of last year, the BCCI terminated the franchise of Kochi IPL team for violating the terms of the agreement and encashed the team’s bank guarantee worth Rs 156 crores.

It is important for foreign players to register individual cases against franchise owners because the contracts are between the players and the franchises, not the BCCI. Under Indian law, remitting money overseas requires a legal agreement between two parties. If the BCCI transferred money to the players without an agreement, it would violate the provisions of the Foreign Exchange Management Act (FEMA).

To avoid contravening Indian law, the BCCI is requesting that foreign individual players sue Kochi with the BCCI included as a party to each case.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Mahendra Singh Dhoni: Early Life, Net Worth, Career and More! Rohit Sharma: Net Worth, Career, Family Background, and More! Hardik Pandya: Net Worth, Career, Car Collection, and More!