BCCI-Nimbus row: SC asks banks to deposit Rs 400 cr

Posted On & filed under Banking & Finance Law News.

The Supreme Court today asked three nationalised banks to deposit Rs 400 crore towards securing the claim of BCCI in a dispute over termination of the Rs 1,600-crore contract between the cricket board and Nimbus Communications, pending the hearing of their dispute. A bench of Justices Aftab Alam and Ranjana Desai asked Punjab National Bank,… Read more »