The Board of Control for Cricket in India has been ordered to pay sports broadcaster and media and entertainment company Nimbus Communications Rs118.8m (€1.6m/$1.8m) following the second arbitration case resulting from its 2011 decision to terminate a media rights and production partnership.
The IndianTelevision.com website said the Arbitral Tribunal headed by Justice S. H. Kapadia ruled in favour of Nimbus and upheld and granted its claim in two parts with interest and costs.
Nimbus had also won the first arbitration case in August 2014, which was in relation to supply of equipment and technical services and amounted in total to around Rs100m.
In October 2009 Nimbus signed a four-year deal worth Rs20bn, from 2011 to 2014, for the worldwide rights for Test, one-day international and Twenty20 matches, and some domestic tournaments, played in India. In December 2011, the BCCI’s working committee voted unanimously to curtail the agreement, with Nimbus reportedly owing Rs880m in outstanding fees.
IndianTelevision.com said the most significant part of Nimbus’ arbitration proceedings, relating to media rights, is now underway and is expected to conclude in the next few months. Nimbus’ claim in this case is said to be in excess of Rs40bn, plus interest.