Odisha Sun Times Bureau/IANS
New Delhi, Jan 22:

In a jolt to sidelined BCCI president N. Srinivasan, the Supreme Court Thursday said he cannot contest elections for the Indian cricket board's governing body presidency as long as he is involved in a "conflict of interest" situation as an owner of IPL franchise Chennai Super Kings.

N.Srinivasan (pic courtesy: theunrealtimes.com) N.Srinivasan (pic courtesy: theunrealtimes.com)

The apex court said this while striking down an amendment to the BCCI rules which permitted the office bearers of the apex cricket body to have commercial interests in the Indian Premier League (IPL) and the Champions League Twenty20 and all events organised by the BCCI.

The highlights of the eagerly awaited Supreme Court verdict are as follows:

#1. N Srinivasan gets clean chit. Cover-up allegations could not be proved. But he can't contest the next BCCI elections to be held in six weeks.
#2. Gurunath Meiyappan and Raj Kundra found guilty of IPL betting. They were confirmed as team officials of Chennai Super Kings and Rajasthan Royals respectively.
#3. SC finds Srinivasan guilty of conflict of interest. The contentious clause 6.2.4 was struck down. Court bans BCCI officials from holding IPL teams.
#4. Srinivasan's decision to award compensation to India Cements was biased.
#5. Allegations against IPL CEO Sundar Raman need to be probed. SC rules that the game should be free of sporting Frauds.
#6. Independent Committee to decide action against CSK and Rajasthan Royals. BCCI can't decide on the quantum of punishment.
#7. The Judicial Committee will have Supreme Court judges -Justice Rajendra Mal Lodha, Justice R.V. Raveendran and Justice Ashok Bhan.