City
Epaper

FEMA penalty: Lalit Modi petitions SC demanding BCCI to indemnify him

By IANS | Updated: June 29, 2025 15:13 IST

New Delhi, June 29 Former IPL head Lalit Modi has approached the Supreme Court seeking a direction to ...

Open in App

New Delhi, June 29 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.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

InternationalGlobal leaders mourn death of former Bangladeshi Prime Minister Khaleda Zia

InternationalRahul Gandhi, Mamata Banerjee express sadness over demise of Khaleda Zia

BusinessHot IPO year, cold returns: About 50 pc of 2025 listings below issue price

NationalRahul Gandhi, Mamata Banerjee express sadness over demise of Khaleda Zia

BusinessCupid Limited Receives In-Principle Board Approval to Set Up FMCG Manufacturing Facility in Saudi Arabia

Other Sports Realted Stories

Other SportsPandya likely to play two games for Baroda in Vijay Hazare Trophy, set to be rested for NZ ODIs

Other SportsHarmanpreet Kaur, Leander Paes, Pullela Gopichand to be part of Viksit Bharat Young Leaders Dialogue

Other SportsAthlete voices will drive reform: IOA to convene National Athletes' Forum in Ahmedabad on January 10

Other SportsDeepti continues to reign atop; Shafali, Richa, Renuka make big strides in T20I rankings

Other SportsTask Force on Capacity Building of Sports Administrators to run under Abhinav Bindra