Lodha panel reforms: Supreme Court curbs BCCI’s financial powers
Lodha panel reforms: Supreme Court curbs BCCI’s financial powers:- The Supreme Court has refused on Monday to give an inch to the Board of Control for Cricket in India’s (BCCI) “defiance”. It has also ordered that none of the Board’s member State associations will be getting a single rupee from the apex cricket body till the time they comply in “letter and spirit” with the Justice R.M. Lodha Committee reforms.
In a judgment, which had not been announced beforehand or notified in the court’s cause list, a Bench, which was led by Chief Justice of India T.S. Thakur stood firm by its October 7 decision, which was to choke the financial jugular of the BCCI’s 25 State cricket associations till they fall in line.
The judgment has asked the Committee to further fix a ceiling limit for contracts the BCCI can enter into. Contracts worth beyond this financial limit would be requiring panel’s approval. It has also asked the Committee to appoint an independent auditor in order to scrutinise the BCCI accounts and fix the financial limits for the contracts.
Moreover, the court has ordered the BCCI secretary and also the president to file compliance reports before the Committee and the Supreme Court in two weeks.
Future funds to be released after panel’s reforms
It has also asked the panel to further apprise ICC chairman Shashank Manohar of the court’s orders.
On October 7, Chief Justice Thakur has made the court’s stand clear by ordering that the BCCI will not disburse Rs. 16.73 crore each to the 12 State cricket associations. These dozen associations were yet to get the balance payment of their share from nearly Rs. 2,500 crore, which the BCCI has received towards compensation on account of the termination of Champion League T 20.
Chief Justice Thakur had recently directed that the pending Rs. 16.73 crore and any future funds would be released only after resolutions which would be passed by State associations undertaking to comply with the panel’s reforms.
While for the remaining 13 member State associations who had received Rs. 16.73 crore, they could only use the money after passing their respective resolutions to further implement the reforms.
The court had also made it clear that continued defiance by the State associations would witness their shares invested in fixed deposit accounts till the time they change their minds.