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MUMBAI:
It was double victory for the BCCI which was basking in glory
of the record title sponsorship deal signed by Pepsi for IPL.
Kings XI Punjab (KXIP) has agreed to settle its legal disputes
with India's cricket board outside the court.
The
BCCI resolved its dispute with Kings XI Punjab over alleged
breach of franchisee agreements. The franchise owners have
agreed to pay Rs 10 million for the breach of agreement.
According
to reports, BCCI officials had met representatives of KXIP
in Mumbai on Wednesday to find a middleground.
The
BCCI had in 2010 terminated its franchise agreement with KXIP
following which the franchise approached Bombay High Court
challenging the decision.
A
division bench of Bombay HC had upheld the injunction order
passed by a single bench which saw the franchise being re-instated.
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