• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • Odisha Special
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • Odisha Special
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Nation

FEMA Penalty: Lalit Modi Petitions SC Demanding BCCI To Indemnify Him

OMMCOM NEWS by OMMCOM NEWS
June 29, 2025
in Nation

New Delhi: Former IPL head Lalit Modi has approached the Supreme Court seeking a direction to the BCCI (Board of Control for Cricket in India) to pay a penalty of Rs 10.65 crore, slapped on him by the ED, on his behalf.

Earlier, the Bombay High Court had turned down Lalit Modi’s petition seeking a direction to the BCCI to pay this penalty imposed on him by the Enforcement Directorate (ED) for purported infraction of the Foreign Exchange Management Act (FEMA) during the 2009 IPL season held in South Africa.

It had refused to accept his contention that the by-laws require the BCCI to indemnify him, and said that the reliefs sought were “wholly misconceived”.

Not only was Lalit Modi’s writ petition dismissed, but a bench of Justices M.S. Sonak and Jitendra Jain, in its order passed on December 19 last year, asked him to pay costs of Rs 1 lakh within 4 weeks.

In his special leave petition (SLP) filed before the apex court, Lalit Modi contended that as per the Rules and Regulations to Memorandum of Association, the BCCI is under an obligation to indemnify its office bearers out of the board’s funds against all losses and expenses incurred by them during the discharge of their official duty.

Referring to Rule 34 of the Rules and Regulations of the Memorandum of Association of BCCI, the plea, filed through advocate Vikas Mehta, submitted that Lalit Modi was holding the office of Vice President of BCCI from 2005 to 2010 and Chairman of IPL from 2007 to 2010.

The SLP highlighted the “discriminatory manner” adopted by the BCCI in indemnifying Honorary Secretary N. Srinivasan and Treasurer M.P. Pandove against the penalty imposed on them. It added that Lalit Modi has deposited costs of Rs 1 lakh as he did not want to be seen as being non-compliant or in contempt of the court, but the payment was made without prejudice to his right to challenge the impugned decision of the Bombay High Court.

In 2013, Lalit Modi, the former IPL Chairman, was given a life ban from all BCCI affairs. The ban stemmed from accusations of misconduct and indiscipline, particularly concerning irregularities in the bidding process for IPL franchises

Shortly after IPL 2010 ended, Lalit Modi was suspended from BCCI after being accused of misconduct, indiscipline and financial irregularities. The BCCI launched an investigation against him and banned him for life in 2013 after a and selling broadcasting rights without authorisation.committee found him guilty of these charges.

(IANS)

ShareTweetSendSharePinShareSend
Previous Post

Leopard Sightings And Attacks Trigger Panic In TN’s Coimbatore; Monitoring Intensifies

Next Post

Trinamool Issues Show-Cause Notice To Madan Mitra For His Remarks On Law College Rape Case

Related Posts

Marco Rubio
Nation

US Secy Of State Rubio Says Traditional Multilateralism Is Over

January 10, 2026
Nation

Prohibitory Orders Imposed, Internet Shut In Tripura’s Kumarghat After Communal Clashes

January 10, 2026
Nation

Illegal Mephedrone Factory Busted In MP Agar Malwa; Drugs Valued At Rs 10 Crore Seized

January 10, 2026
Rajnath Singh
Nation

Youth Are Main Drivers Of India’s Viksit Bharat Journey: Rajnath Singh

January 10, 2026
Delhi Chief Minister Rekha Gupta
Nation

Delhi CM Rekha Gupta Honours Elderly Workers Of BJP In Rohini

January 10, 2026
Nation

Political Spat Over Abhishek Banerjee’s Thakurnagar Visit Marks Importance Of Matua Vote Bank

January 10, 2026
Next Post

Trinamool Issues Show-Cause Notice To Madan Mitra For His Remarks On Law College Rape Case

Heavy Rainfall

Gujarat’s Water Storage Jumps To 46 Pc Amid Heavy Rainfall

Retail Sector

Retail Sector Gaining Momentum, Growth Expected To Reach 9-10 Pc Soon: RAI

KHIMJI
OMC
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • Odisha Special

© 2025 - Ommcom News. All Rights Reserved.