Bookmark Kaumudi Online  Bookmark this site  Editor@Kaumudi  |  Marketing  Print Advt rates  |  Calendar 2018        Go!    
 
 
September 20, Thursday 2018 1:09 PM       

       HEADLINES: Police take pervert home guard into custody                                              Franco questioned, sent back; Interrogation to continue on Thursday                                              ISIS Kasargod case: NIA arrests accused deported from Afghanistan                                              Now you need not walk up to police station for GD entry in accident cases                                              Air India flight touches down at Kannur airport                                              Hike in petrol price, diesel stagnant                                              US-China trade war could last for 20 years: Jack Ma                                              Didn't expect Arjuna this year: Hima Das                                              Kaumudi Facebook
       SPORTS Next Article: Kohli & Co's request to COA for pay hike will need GB approval  
       Will move court if needed: Rajeev Shukla on CCI order
 
         Posted on :20:48:56 Nov 29, 2017
   
A A
       Last edited on:20:48:56 Nov 29, 2017
         Tags: move court, Rajeev Shukla, CCI order
 
New Delhi:  IPL chairman Rajeev Shukla, on Wednesday said that if needed, he will move court against the Competition Commission of India's (CCI) order, which imposed fine of Rs 52.24 crore on the Board of Control for Cricket in India (BCCI) for anti-competitive conduct in the IPL Media Rights.
 
Shukla, while talking to ANI, said, "We will legally understand it [CCI order], examine it and if need be, we will appeal against it in the court."
 
Earlier in the day, the CCI imposed fine of Rs 52.24 crore on the Board of Control for Cricket in India (BCCI) for anti-competitive conduct in the IPL Media Rights agreement.
 
The order against BCCI came after CCI found the cricket body using its dominant position for imposing restriction that deny access to the market for organisation of professional domestic cricket league or events.
 
Earlier in 2013, the Commission had imposed the same amount of penalty on BCCI.
 
An order issued by the CCI read that the CCI has found BCCI to be in "contravention of the provisions of Section 4(1) read with Section 4(2)(c) of the Competition Act, 2002 (Act) for its assurance to the broadcasters of Indian Premier League (IPL) that BCCI shall not organise, sanction, recognise, or support another professional domestic Indian T20 competition that is competitive to IPL, for a sustained period of ten years."
 
It also said, "The assessment of the Commission clearly brings out that the impugned clause in the IPL (Indian Premier League) Media Rights Agreement has been pursued by BCCI consciously to protect the commercial interest of the bidders of broadcasting rights as well as the economic interest of BCCI."
 
Although, at present, the average of the relevant turnover for the last three financial years of the BCCI is slightly higher than the one which was considered by the Commission while passing the earlier order.
 
The Commission prefers to maintain the penalty of Rs. 52.24 crore, which comes to nearly 4.48 percent of the average of the relevant turnover during the last three preceding financial years.
 
However, CCI has directed BCCI to deposit the aforesaid penalty amounts within 60 days of the receipt of this order. 
A A
       SPORTS
Next Article: Kohli & Co's request to COA for pay hike will need GB approval
 
 
SPORTS HEADLINES
Didn't expect Arjuna this year: Hima Das  
High expectations made me anxious: Ronaldo after Juventus goals  
Archery coach Teja, athletic's Pannu recommended for Dronacharya Award  
India captain Virat Kohli recommended for Khel Ratna along with weightlifter Mirabai Chanu  
Gold for Mary Kom, Manisha gets silver in Polish boxing tournament  
Cricket Australia open to Shastri's request for extra warm-up game  
Indian women thrash Hong Kong 6-1 in AFC U-16 Qualifiers  
Modric should win all that Messi can't: Ivan Rakitic  
Asia Cup: World Cup combination, renewal of Indo-Pak rivalry  
India eye upset against Djokovic-less Serbia in Davis Cup tie  
SAFF Championship: India outscores Pak to enter final  
Cook ends career with 10th spot in Test ranking  
Not hard to take, don't require massive correction, insists Kohli  
Serena Williams fined $17,000 for US Open final conduct  
U.S. Open: Djokovic beats del Potro for 14th Grand Slam  
Naomi Osaka wins US Open  
Staying on court was too much for me: Nadal  
Modric receives congratulatory message from Ronaldo  
Diego Maradona to coach second-division side Dorados in Mexico  
Serena outclasses Sevastova to enter US Open final  
Bhupathi defends Balaji selection ahead of Jeevan, Purav  
'Messi needs no award to prove his credibility': Barcelona  
US Open: Naomi Osaka defeats Lesia Tsurenko to enter semi-finals  
Quarters defeat going to be stuck in my mind forever: Thiem  
Bhambri, Sharan pull out of Serbia tie; Nagal refuses to come as stand-by  
 
Do you think forced salary challenge is acceptable in the current situation?
yes
 
not
 
don't know
 
 
 
Home Kerala India World Business Sports Sci&Tech Education Automobile CityNews Movies Environment Letters 
© Copyright keralakaumudi Online 2011  |  Reproduction in whole or in part without written permission is prohibited.
Head Office Address: Kaumudi Buildings, Pettah P.O, Trivandrum - 695024, India.
Online queries talk to Deepu Sasidharan, + 91 98472 38959 or Email deepu[at]kaumudi.com
Customer Service -Advertisement Disclaimer Statement   |  Copyright Policy