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High Court of Bombay Adjudicates Section 34 Petitions Challenging Two IPL Franchise Arbitration Awards. Arbitral Tribunal Had Directed Payment of Rs.384.83 Crore and Return of Rs.153.34 Crore Bank Guarantee with 18% Interest, Which the Franchisor Contested on Jurisdictional and Merits Grounds.

The dispute arose from the Indian Premier League (IPL) franchise agreements between the Board of Control for Cricket in India (BCCI) and the Kochi fra...