Karthik
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The Supreme Court today directed three public sector banks to deposit within 15 days a sum of Rs 4 billion with the Prothonotary and Master of Bombay High Court, who would then remit the money to the bank account of BCCI.
The BCCI had filed a Special Leave Petition (SLP) before the Supreme Court aggrieved by the Bombay High Court order that prevented it from invoking bank guarantees following the termination of contract with Nimbus Communications.
Indiantelevision.com > News Headlines >BCCI-Nimbus row: SC asks banks to deposit Rs 4 bn
The BCCI had filed a Special Leave Petition (SLP) before the Supreme Court aggrieved by the Bombay High Court order that prevented it from invoking bank guarantees following the termination of contract with Nimbus Communications.
Indiantelevision.com > News Headlines >BCCI-Nimbus row: SC asks banks to deposit Rs 4 bn
