Blow to BCCI: Bombay HC backs Rs 538 cr payout to Kochi Tuskers in arbitration case

The Bombay High Court has upheld arbitral awards exceeding Rs 538 crore in favour of the defunct Kochi Tuskers IPL franchise, dismissing BCCI’s challenge. Justice Chagla emphasised the limited scope of court intervention in arbitration matters. Kochi Tuskers had played the 2011 season of the IPL before being terminated a year later.