HC refuses to overturn BCCI's termination of Nimbus' contract

MUMBAI: In a blow to Nimbus, the Bombay High Court today ordered that the termination of a contract for broadcast rights between the Board of Control for Cricket in India (BCCI) and Nimbus stands. It dismissed Nimbus‘ appeal.

Two days after the BCCI scrapped the broadcast deal with Nimbus Communications, the sports marketing agency went to the court for relief.

Nimbus had said that the BCCI‘s move was a breach of contract. The company maintains that it did not intend to default on payments.

The court has also highlighted the fact that the banks associated with Nimbus and BCCI refused to play guarantees and they will now have to provide a notice period of three days should they change their minds.