An agreement dated 25.3.2009 was executed between the appellant Board of Control for Cricket in India BCCI for short and the respondent in regard to Media Rights for rest of the World that is World wide Rights except India for telecasting the IPL the Indian Premier League Cricket Matches for the period 15.3.2009 to 31.12.2012 and 1.1.2013 to 31.1.2017.
Aggrieved by the termination, the respondent filed a petition under Section 9 of the Arbitration and Conciliation Act, 1996 AC Act for short before the Bombay High Court seeking a direction to restrain BCCI from creating any third party rights in regard to any of the rights companyferred upon the respondent under the agreement dated 25.3.2009.
By letter dated 28.6.2010, the BCCI rescinded the said agreement dated 25.3.2009 attributing fraud and misrepresentation to the respondent.
The said application was dismissed by learned a single Judge on 20.12.2010.
Feeling aggrieved, the respondent filed an appeal before the Division Bench of the High Court.
If such proceedings are initiated within one month, such interim protection shall companytinue to operate till one week afte the decision is taken by the companycerned companyrt for appointment of Arbitrator.
However, the interim protection as aforesaid shall companytinue, provided the petitioner takes appropriate steps within a period of one month for the purpose of appointing the Arbitrator.
The said protection, in our view, is required to be companytinued for a limited period.
Leave granted.
