Bookmark Kaumudi Online  Bookmark this site  Editor@Kaumudi  |  Marketing  Print Advt rates  |  Calendar 2018        Go!    
 
 
June 25, Monday 2018 5:24 AM       

       HEADLINES: B Sujatha Devi Passes Away                                              Fish preserved in formalin seized                                              Son brutally beats mother                                              Bid to sabotage probe against ADGP’s daughter                                              V K Rajagopal’s Sabarimala appointment cancelled                                              Violence cannot solve any problem: Modi                                              Major held for colleague's wife's murder                                              PDP never 'wavered' on agenda of alliance, says Mehbooba                                              UAE says ready to back efforts for peaceful Yemen rebel pullout                                              Musharraf says he has not quit politics                                              Constant bullying of activists unacceptable: HRCP                                              Kohli & Co. depart for Ireland, England tour                                              FIFA WC: Lukaku, Hazard braces help Belgium stun Tunisia 5-2                                              FIFA WC: Vela, Hernandez help Mexico win against S Korea 2-1                                              Amit wins gold at World Para Athletics Grand Prix                                              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
Amit wins gold at World Para Athletics Grand Prix  
FIFA WC: Vela, Hernandez help Mexico win against S Korea 2-1  
FIFA WC: Lukaku, Hazard braces help Belgium stun Tunisia 5-2  
Kohli & Co. depart for Ireland, England tour  
FIFA WC: Shaqiri's last-minute stunner earns Switzerland 2-1 win over Serbia  
FIFA WC: Musa helps Nigeria beat Iceland 2-0  
Wary of hacks, World Cup teams get serious on cybersecurity  
FIFA WC: Mbappe's goal takes France into knockout stages  
Pressure on Messi against Croatia after Ronaldo scores again  
Ronaldo aging like 'port wine' at fourth World Cup  
Kidambi Srikanth named Sports Illustrated Sportsperson of the Year  
My hardest day in cricket: Paine post England drubbing  
Tick, Tock: Time running out for Messi to deliver  
Yo-Yo effect: BCCI for fitness tests before selection  
Federer to lock horns with Bedene in Halle opener  
Messi regrets missing penalty against Iceland  
Cristiano Ronaldo hattrick earns Portugal thrilling draw against Spain  
Uruguay strike late to beat Egypt as Salah sits out match  
Nervy Argentina seek Messi magic against Iceland  
Afghanistan have a mountain to climb, says Simmons after heavy loss  
Opera singer Placido Domingo, popularly known as "the King of Opera" also performed at the grand event.  
Messi needs to be supported if Argentina wants WC glory: Guzman  
Afghan bowlers make comeback after Vijay, Dhawan tons take India to 347/6  
Prajnesh misses clash with Federer after losing 2nd round in Stuttgart  
ISL 2018-19: FC Pune City retain Brazil's Marcelinho  
 
Should Yoga be made compulsory in all schools?
Yes
 
No
 
No opinion
 
 
 
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