Full text: Supreme Court order on Srinivasan, CSK, RR, Raman, Meiyappan

In a setback to N Srinivasan, the Supreme Court on Thursday barred him from contesting any BCCI election on grounds of conflict of interest and set up a judges committee under a former Chief Justice of India to decide on the punishment in the IPL scam that can threaten the future of Chennai Super Kings (CSK) and Rajasthan Royals (RR).

Delivering its long-awaited verdict, the court held that the allegation of betting against Gurunath Meiyappan, a CSK team official and son in law of the BCCI President-in-exile and Rajasthan Royals co-owner Raj Kundra stands proved while the charge of cover up against Srinivasan "is not proved".

Striking down rules that permitted BCCI office bearers to have a commercial interest by owning teams in the hugely-popular Indian Premier League and Champions League, a two-member bench of Justices T S Thakur and F M I Khalifulla, said, "Amendment in the BCCI rules allowing Srinivasan to own IPL team is bad as conflict of interest in cricket leads to great confusion."

"No one who has commercial interest including N Srinivasan shall be eligible for any post in the BCCI and this disqualification on ground of commercial interest shall continue till such commercial interest will exist," the bench said while asking BCCI to hold its AGM for electing office bearers within six weeks.

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