Court paves way for Rajasthan Royals to bid in IPL auction

Court paves way for Rajasthan Royals to bid in IPL auction

The Bombay High Court on Tuesday upheld a stay order on the termination of Rajasthan Royal's contract by the Board of Cricket Control of India, granted by an independent arbitrator, and dismissed the cricket governing body's appeal against it.

The ruling by Justice S.J. Vazifdar now paves the way for Rajasthan Royals to take part in the IPL-4 auction due to be held in the second week of January.

The court also directed the Rajasthan Royals to deposit $2.83 million as a guarantee amount with the BCCI for the contract and another $18 million as bank guarantee for the players.