Breaking-Farm Laws & Farmers Protests : Supreme Court To Pass Order Tomorrow

first_imgTop StoriesBreaking-Farm Laws & Farmers Protests : Supreme Court To Pass Order Tomorrow LIVELAW NEWS NETWORK11 Jan 2021 5:55 AMShare This – xThe Supreme Court will pronounce Orders on stay on operation of Farm Laws tomorrow.Earlier today, the Bench hinted that it will stay the implementation of the three farm laws, in order to prevent violence and breaking of laws. “You tell us if you will put on hold the implementation of the laws. Otherwise we will do it. What is the problem in keeping it in abeyance?”, the CJI asked…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginThe Supreme Court will pronounce Orders on stay on operation of Farm Laws tomorrow.Earlier today, the Bench hinted that it will stay the implementation of the three farm laws, in order to prevent violence and breaking of laws. “You tell us if you will put on hold the implementation of the laws. Otherwise we will do it. What is the problem in keeping it in abeyance?”, the CJI asked the Attorney General.It observed that a Committee needs to be appointed to resolve the deadlock between the Government which wants a clause by clause consideration of the legislations and the farmers, who want that the laws to be completely repealed.”Staying the implementation of laws and staying the law are different. We can always stay executive action under a law. Who will be responsible if any bloodshed happens?” said CJI SA Bobde while hearing a batch of petitions challenging the Farm Laws/ seeking removal of protesting farmers from Delhi borders.Solicitor General Tushar Mehta, who opposed the stay order during the hearing, has sought a day’s time to suggest names for the Committee.Senior Advocate Dushyant Dave, appearing for a farmers group, suggested the name of former CJI RM Lodha as a member of the Committee. Strong remarks by the CJIThe CJI did not mince words in expressing disappointment at the Central Government.”We are extremely disappointed at the way government is handling all this (farmers protests). We don’t know what consultative process you followed before the laws. Many states are up in rebellion”.”We want an amicable solution for the problem. That is why we asked you last time, why don’t you keep the laws on hold. But you are keeping asking on time. If you have some sense of responsibility, and if you say you will withhold the implementation of laws, we will form committee to decide. We don’t see why there should be an insistence that the laws must be implemented at any cost.We asked you this last occasion. But you haven’t replied. And the matter is getting worse. People are committing suicide. People are suffering in the cold”, the CJI asked the Attorney General.When the Attorney General urged that the Court should not be passing any order today in ‘hurry’, the CJI shot back:”We have given you a very long rope. Don’t lecture us on patience. We will decide when to pass the order. We might pass in part today and in part tomorrow.”At the end of the hearing, the Solicitor General, submitted that the court’s observations were ‘harsh’.Solicitor General : Your lordships made harsh observations on the handling the situation.CJI : Why harsh? It was the most innocuous observations possible on the handling of the situation.SG submitted that the government did its best to hold talks with the farmers and urged the court to remove the impression that nothing was done by the Centre.Power of Court to stay implementation of a legislationThe proposal to stay the law was opposed by the Attorney General for India KK Venugopal, who pointed out that that there are Supreme Court precedents saying that Courts cannot stay legislation.The AG referred to State of UP v. Hirendra Pal Singh, (2011) 5 SCC 305, where it was held that in cases where validity of statutory provision is under challenge, the Courts should exercise self-restrain in passing interim orders.He submitted,”Court cannot stay a legislation unless the court finds that (1) law is passed without legislative competence (2) law violates fundamental rights (3) law violates other provisions of constitution.”The AG said that he has not seen any argument in any of the petitions raising the above three points.The CJI however referred to a three-judge bench order that stayed the implementation of 2018 Maharashtra law granting reservation to Marathas in education and job, while hearing a batch of pleas challenging the validity of the law.The CJI clarified that the Court is not encouraging preventing of laws. “In fact, we propose to pass the order to prevent violence and breaking of laws,” he said.”We Are Extremely Disappointed At The Way Govt. Handling The Farmers Protests And Farm Laws”,Chief Justice BobdeThe AG also pointed out that since the Act coming into force in June 2020, by way of an Ordinance, more than 2000 farmers entered into contract for selling products in mandis.”If the Court stops the implementation, they will lose heavily. If your lordships stay the law, it will cause tremendous loss to these 2000 farmers. Staying implementation of law is same as staying. Court cannot do indirectly what it cannot do directly,” the AG said.No stay on farmers’ protestsThe Top Court however refused to pass an order restricting the farmers protests. The CJI said, “Court will not pass an order that citizens should not protest… We told last time also Court is not going to decide issues like who should enter Delhi etc. It is for the police to decide.”The CJI said,”We are sorry to say that you, as the Union of India, are not able to solve the problem. You have made a law without enough consultation resulting in a strike. So you have to resolve the strike.”The Court made it clear that its previous order that the farmers can continue protests in a peaceful manner shall continue with the exception that the Court will think of changing the site of protest, (given the extreme weather conditions in Delhi).”The most serious concern occupying the court is the possible loss of life and property. This is the most important component of our view.Passions are running high. But you must tell them to go back. There is cold. There is COVID. It is not necessary that they (old people and women) should be there at protests,” the CJI said asking Advocate HS Phoolka to persuade the old people and women among the protesters to return to their villages.Phoolka replied that these people came from villages on their own. They were hurt by statements made by Ministers that they were ‘naxals’, ‘khalistanis’ etc, as most Punjab families have at least one member serving the Army.At this point, Senior Advocate Colin Gonsalves assured the Court that he, Dushyant Dave and HS Phoolka will go to the farmers union today with the Court’s views and will come back with their suggestions.Click here to read/download the orderSubscribe to LiveLaw, enjoy Ad free version and other unlimited features, just INR 599 Click here to Subscribe. All payment options available.loading….Next Storylast_img read more

Don’t Know How Hales Comes Back From Drugs Ban: Michael Vaughan

first_imgLondon: Former England captain Michael Vaughan feels Alex Hales will never play international cricket again after the beleaguered batsman was suspended from the World Cup squad.Hales was named in England’s preliminary 15-man squad only to be axed last week after a newspaper report revealed the 30-year-old was serving a 21-day ban for a second positive drugs test.“I don’t know how he comes back from this. He has lost the opportunity of playing for his country in a World Cup on home soil and he’ll live with that forever,” Vaughan said during a podcast on BBC Radio 5 Live.“Alex Hales was on a 12-month suspended sentence from his actions in Bristol. I don’t know how he comes back from this, he has lost the trust of the team,” the former skipper added.Hales, known for his big-hitting skills, was first taken to task by the England and Wales Cricket Board’s Cricket Discipline Commission for his role in Bristol, as well as for some social media posts. The World Cup starts in England and Wales from May 30. IANSAlso Read: SPORTS NEWSlast_img read more

Akwa Starlets FC wins 2019 NNL Super 4 Tournament

first_imgThe Akwa Starlets football club of Uyo, on Sunday, won the 2019 edition of the Super League 4 Nigeria National League (NNL) at the Nnamdi Azikiwe Stadium in Enugu. According to the Nigerian News Agency, Akwa, Starlets beat Adamawa United FC 2-0 in a tense match.The first goal of the game was a goal scored by Daniel Nanushi at 32 minutes. Utibe Arit scored the second goal of a corner in the 68th minute. Afterward, Caleb Osu, Akwa Starlets coach, said his victory was a dream come true. “It is because we are preparing for it seriously and God, in His mercy, has given us victory.”Osu said he had a promising young team that still has a long way to go. “We are also going to look at the drawing board to correct the team’s failures before the Nigeria Professional Football League (NPFL) 2019/2020.” In addition, Bello Muhammed, the coach of Adamawa United, said the tournament was a very good test and rehearsal for his team before the NPFL season. Akwa Starlets FC “We are going home to strengthen and prepare for the upcoming NPFL season, as the tournament gave the team a test of what will be next NPFL season,” said Muhammed. According to the NAN, in the match for third place earlier in the day, Jigawa Golden Stars FC beat Warri Wolves FC 2-1.Obiora Emeka scored at 10 and 66 minutes for Jigawa Golden Stars, while Warri Wolves scored with a penalty shot by Charles Asemele in the second minute of the detention. However, Rabiu Tata, Jigawa Goldern Stars’ technical advisor, congratulated his players for acting in accordance with the instructions and for taking the match into consideration for third place.Also, NetBet football fans in Enugu Saturday held low attendance of spectators at the Nigeria National League (NNL) Super 4 2019 tournament in Enugu for bad publicity. According to the Nigerian press agency, the tournament is aimed at the four winners of the group during the 2018/2019 NNL season.He has already witnessed two matches played by the four teams on Friday at the Nnamdi Azikiwe Stadium in Enugu, with a capacity of 22,000 spectators. However, a football fan, Ifeanyi Okonkwo, said that most people, especially football fans in Enugu, did not know that the national tournament was taking place.“There should have been local advertising, using local media to reach our people, such as the use of mobile sound systems in neighborhoods and streets to announce the tournament. “NNL management should have sent and posted tournament announcements in various venues and public forums for the necessary attention and assistance,” Okonkwo said.Another football fan, Victor Madu, said it was disappointing for a national tournament of this nature not to have at least a quarter of the stadium filled. Madu said: “The football tournaments are meant to allow fans to enjoy quality football.“The organizers and the owners of the competition had a good performance in the organization and timing of the matches, but it was necessary to do a lot in the advertising field for fans of Enugu and its surroundings to see the best teams in the NNL level. ““With their coming, I sincerely believe that the morale of Adamawa United FC players will be high to lift the trophy and bring it home,” said Musa. Remember that on Friday, Adamawa United FC defeated the Dutse Jigawa Golden Stars 8-7 on penalties after a 1-1 draw. This surprises fans that use Musa, a staunch supporter of Adamawa United FC, said he believed that with good publicity, many supporters would be in the stadium, especially for Adamawa United FC matches. “I think with wide publicity, especially at the Enugu Artisan Market, where most of Adamawa’s residents’ trade, the hundreds of market sellers would have closed their stores to cheer on their local team.In the second match, Uyo’s Akwa Starlets FC beat Warri Wolves FC 3-1, also on penalties, after a goalless draw. With the results, Adamawa United and Akwa Starlets have qualified for the final match, while Jigawa Golden Stars and Warri Wolves will play the match for third place. Both games will be held Sunday in the main stadium of Nnamdi Azikiwe stadium.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

Consider ‘treecycling’ instead of trashing the Christmas tree

first_imgMASON CITY — Mason City and Clear Lake residents may be putting their Christmas trees out by the curb for collection next week, but horticulturist and extension educator John Fech says you may want to consider not tossing the tree to the curb, but find a way to repurpose it. “Recycling it, reusing it, thinking of it again as a resource or an asset,” Fech says.If you’re crafty, trim the branches to make a fragrant sachet, wreath or garland to enjoy in the weeks ahead. You could also cut up pieces of the evergreen to toss in a nearby lake or pond to provide a habitat for fish. Fech says mulching is another option. “Do that yourself with a hatchet or you could have it run through a chipper,” Fech says. “Many of the cities do that for their parks and then they use that for trail cover around city parks and hospitals and places like that.”Another idea is to return the tree to the great outdoors for wildlife to use as shelter. “Also, it could just be songbird habitat,” Fech says. “Set it near the bird feeder so birds have a place to get out of the wind and have a little bit of refuge from predator birds.”If mulching the entire tree is too much work, just using the needles can be an effective mulch on perennial plants, in your garden and to keep weeds in check.=== If you do decide to put your tree out to the curb in Mason City, it should be placed curbside prior to 7 o’clock on the morning of Wednesday January 9th. If the tree is over six feet tall, you are asked to cut it in half before placing it on the curb. Tree stands, nails, metal fasteners, wire, tinsel and plastic bags must be removed from the tree. Any roping or wreaths that contain wire must be placed in the regular garbage or taken to a disposal site at 14th Northeast and Elm Drive by January 9th. Flocked trees will not be picked up and can be taken to the 14th Northeast and Elm Drive site by January 9th.=== Clear Lake residents will have their Christmas trees picked up on Monday January 7th. City officials say you need to have your tree to the curb by 7:00 AM that day with all the decorations removed.last_img read more

Wildcats open season with sweep of Cougars

first_imgTeam B.C. players Aimee DiBella of Nelson and Cranbrook’s Daley Oddy each scored twice to lead Kootenay to the victory in game one. Shannon Hall of Rock Creek added two assists for Kootenay. The Wildcats held period leads of 1-0 and 2-0.Brianne Burns was outstanding for Kootenay in goal, including stopping a penalty shot in the second period.In game two, Jordyn Lee of Cranbrook opened the scoring before the Cougars tied the game.Oddy scored the winner in the third, converting her own rebound following a breakaway.“The Prince George (goal)tender played brilliant in both games as did Brianne Burns for us, who was exceptional as well,” said DiBella, adding Kootenay dominated the play against the Cougars.The Wildcats return to action next weekend when Vancouver Fusion travels to Nelson for a two-game set.Game one of the two-game set against Vancouver Fusion goes Saturday, October 16 at 3:30 p.m. at the NDCC Arena. Game two is slated for Sunday, October 17 at 9 a.m.OVERTIME: The Wildcats play host to the first mini-tournament weekend October 23-24 at the NDCC and Civic Centre Arenas. All teams in the league will be in Nelson for the weekend. Kootenay plays Fraser Valley Phantom, Okanagan Rockets and Prince George. [email protected] By Bruce Fuhr,The Nelson Daily SportsA 13-plus hour bus ride definitely didn’t have any affect on the Kootenay Wildcats as the squad posted a weekend sweep of the Prince George Cougars in B.C. Hockey Female Midget AAA League action last weekend in Northern B.C.The Cats knocked off Prince George Cougars 4-1 and 2-1 to jump out to the early league in league standings.“Both games were very spirited high tempo affairs,” said Kootenay head coach Mario DiBella. “Our team played well, worked hard and showed tremendous discipline with a PG team that were (very) physical.”After thumping the Cougars in an exhibition game 7-4, the teams got down to business.last_img read more

Calvin sinks Leafs in OT to help Hawks even up Murdoch semi final

first_imgThe Nelson Leafs had the Beaver Valley Nitehawks right where they wanted them.Leading 2-1 in the best-of-seven Murdoch Division Semi Final, the Green and White could take a stranglehold on the series with a home-ice win Tuesday night.However, Dallas Calvin put the Hawks back on even terms scoring a power play marker three minutes into overtime to give Beaver Valley a 4-3 Kootenay International Junior Hockey League playoff victory at the NDCC Arena.The series, tied 2-2, now shifts to Fruitvale for Game five with Game six back in Nelson Friday.“Ya, this feels really good,” said Calvin minutes after cruising into the slot and snapping a shot past a screened Brett Soles in the Leaf nets.“(Nelson) is a very good team but tonight we did a lot of little things right and buried our chances.”The small, but important, parts to the Hawks game allowed the visitors grab a 2-0 lead two minutes into the second period.Dan Holland scored in the last two minutes of the first frame before Derek Lashuk gave the Hawks a two-goal advantage early in the second.The lead stood until Nelson got some life when Aaron Dunlap scored a shorthanded marker midway through the frame.Less than two minutes later, Carsen Willans scored his first of the post season on a mad scramble in front of Beaver Valley goalie Jarrod Schamerhorn.It was the longest wait between goal and celebration on record as referee Mike Paige needed what seemed like an eternity to consult with his linesmen before confirming the Nelson goal.But the Hawks roared back before the period ended to grab another intermission lead.Ryan Edwards did all the work behind the Nelson net, centering a pass that Keanan Patershuk buried past Soles. “They came hard . . . they were pretty desperate for the win,” said Leaf defenceman Cam Weir.“I thought we weathered the storm pretty well and came back and pushed back quite hard.”Beaver Valley tried to lock down the Leafs in the third. But Bryce Nielsen jammed the puck pasts Schamerhorn with eight minutes remaining in the period to tie the game at 3-3.Leaf captain did most of the work, driving past Hawks defenceman Walker Sidoni and forcing Schamerhorn to cough up a rebound Nielsen pushed into the net.Nelson had a great opportunity early in overtime when Edwards was called for delay of game after shooting the puck over the glass.However, the Hawks were able to kill off that penalty before being awarded their own man advantage when Edwards was hauled down at the Nelson blueline by the Leafs’ Kyler Wilkinson nullifying a potential Beaver Valley breakaway.“We can’t really think that way . . . we’ve got to have a short memory,” Weir said when asked if the Leafs let one slip away in Game four.“We’ve got to forget about it and move on and get ready for (Game five) Thursday.”Tuesday’s win means the series now is a best-of-three affair with the Hawks regaining home ice advantage.“Playing at home is great . . . our fans are great and we’re happy to be playing at home,” Calvin said.ICE CHIPS: Nelson out shot the Hawks for the second straight night, 31-22. . . . After being shutout Monday in Game three, the Hawks got the power play working, going two for seven in the game. Nelson was scoreless in five attempts. . . .Nelson played without the services of forwards Dustin Reimer and Greg Nickel due to injury. . . .If a Game seven is necessary it will be played Saturday in Fruitvale. . . . Before the game, the Leafs recognized the Nelson Atoms winning the West Kootenay Championship over the weekend. . . .Game attendance topped the 600 mark.last_img read more

BBC spends big bucks on SA studio

first_imgCape Town is to be the home base forthe BBC during the 2010 FIfa World Cup.(Image: Formore free photos, visit the image library) MEDIA CONTACTS • Delia FischerFifa media office, Johannesburg+27 83 201 0470Janine ErasmusThe BBC is planning to spend around £1-million (R11-million) on building a brand new broadcast studio in Cape Town, and will use it as its base for the duration of the 2010 Fifa World Cup.Despite most media companies’ decision to be based in Johannesburg, the main transmission hub for the tournament, the UK broadcaster has opted for the Mother City, some 1 600km to the south.Eight of the 64 matches will be played at the magnificent Cape Town stadium, although the English team is guaranteed only one game there when it faces off against Algeria on 18 June. But there’s a good chance the team will be back for a semi-final.Most media, including BBC rival ITV, will be headquartered at the state-of-the-art International Broadcast Centre, situated next to the recently completed Soccer City stadium in Soweto. This is also just 75km from the English team’s base in Rustenburg, North West province.The centre will accommodate thousands of media professionals and will feature the most advanced technology when it opens its doors. In terms of telecommunications infrastructure, it will set the standard for Africa.The BBC has declined to hire a studio at this cutting-edge broadcast facility. UK newspaper Daily Mail reports that, with the help of the Cape Film Commission, the corporation has secured space on the roof of the six-storey Somerset Hospital in Green Point, just a few hundred metres away from the new Cape Town stadium.Here it will set up a pentagonal glass-walled studio. Construction is reported to be already underway.From this vantage point reporters will have spectacular views of Table Mountain, World Heritage site Robben Island and the football venue.The cost of the studio, extra fees for satellite transmission from Cape Town, and the rights to use the hospital’s roof space is together expected to total around R11-million.Beautiful vistasReports say that one of the reasons for the decision is because Cape Town is more attractive visually and will provide a better backdrop for presenters than the stark Johannesburg skyline. But Cape Town’s notoriously rainy and foggy winter weather may have the last say.In February the BBC came under fire because of lavish spending, deemed by the National Audit Office to be unnecessary and poor value for money. The Parliamentary committee for public accounts also got a word in, criticising the media corporation for its “casual approach to spending licence payers’ money”.Among other cases investigated, the BBC splurged on a £250 000 (R2.8-million) studio in Vienna for coverage of the Euro 2008 football tournament – because the background view from the original studio in Vienna’s own International Broadcasting Centre was not picturesque enough.The Cape Town announcement has drawn mixed reactions, with some echoing the sentiments of the National Audit Office, while others feel the BBC should do whatever it takes to make the World Cup experience of its audience of 200-million a memorable one.One of the reporters who will soon find himself cocooned in the new-age studio is former England striker Gary Lineker, now a sports presenter for the BBC. Lineker is renowned for never having received a yellow card once during his professional career and holds the record for the most goals scored by an England player in a World Cup, 10 in total.He will be accompanied by the likes of Alan Shearer, also a retired England striker, and Scottish footballer Alan Hansen, capped 26 times for his country.Some 280 BBC staff will fly to South Africa for the World Cup, slightly down from the complement of 336 who visited Germany in 2006. They will broadcast 32 games live for television, radio and news, and show highlights of all the others from the new studio.A note on the blog of BBC’s executive football producer Phil Bigwood said that once the World Cup is over the studio will be packed up and shipped off for potential use at other events around the world.“Our production set-up in Cape Town will be our biggest to date, taking into account previous football World Cups. We are extremely fortunate to have been able to base ourselves here in Cape Town,” said Bigwood.• Delia FischerFifa media office, Johannesburg+27 83 201 0470last_img read more

It’s time for “Football Tuesday”!

first_imgTens of thousands of us took to the streets on Wednesday 9 June to show our  unwavering support for BAFANA BAFANA. We waved our flags, we celebrated our team and we pledged our support.  Last Friday, we took on Mexico and we drew. Unfortunately Uruguay beat us this week.  Nevertheless, as South Africans we have a proud history of defying the odds and uniting as a nation to ensure our heroes do not stand alone.We celebrated when South Africa won the bid to host the 2010 Soccer World Cup some six years ago. We donned our BAFANA BAFANA jerseys every Friday for months. We became masters of the vuvuzela, kuduzela and makarapas.  It is vital for us to continue with the momentum and the positivity. It is up to us to ensure that we continue our support for our national team. Sport is about winning and losing—but more  importantly it’s about continuing to unite our nation and keeping the spirit alive.Let’s  continue to bottle the positive energy. The World Cup is not solely about BAFANA BAFANA, but also about our country. Whether we make it to round two or not, we must ensure that we support our boys.Let’s turn “FOOTBALL FRIDAY” into “FOOTBALL TUESDAY” next week—Tuesday, 22 June. Each and every South African should wear their yellow shirts, as we take on France. This will again show the world that we are not only united, but we are a world-class host, committed to leaving a legacy. The one memory BAFANA BAFANA will treasure forever is the support the country has shown.PRIMEDIA, SOUTHERN SUN and the INTERNATIONAL MARKETING  COUNCIL (BRAND SA) calls on South Africans to paint each and every corner of the country yellow on Tuesday. Please spread the message. Whatever the outcome we will always be proudly BAFANA BAFANA!In the words of Primedia CEO, Kuben Pillay: “I will be yellow for the rest of my life…”Issued by:Yusuf AbramjeeHead of News & Current Affairs: Primedia BroadcastingHead of Corporate Affairs & Communication: PrimediaCell: 082 441 4203last_img read more

IPL: How Kochi didn’t crumble

first_imgAt around 2.30 a.m. on November 27, after hectic week-long confabulations where Ravi Gaekwad, Satyajit Gaekwad, Chintan Vohra, Mehul Shah and Harshad Mehta tried desperately to hammer out a deal to save the Kochi IPL franchise, all five finally veered towards some sort of an understanding. The five, who had,At around 2.30 a.m. on November 27, after hectic week-long confabulations where Ravi Gaekwad, Satyajit Gaekwad, Chintan Vohra, Mehul Shah and Harshad Mehta tried desperately to hammer out a deal to save the Kochi IPL franchise, all five finally veered towards some sort of an understanding. The five, who had met repeatedly over the previous seven days at Rendezvous Sports World’s Worli office and Anchor Earth’s office on Hughes Road in Mumbai, decided to embark on the last pit stop of what was a gruelling journey. They drove towards Juhu where another key investor, Mukesh Patel of Parinee Developers, lives. Finally at close to 4.37 a.m., Patel was on board and the franchise had been saved after much persuasion from the Gaekwads. Despite a late protest from Shailendra Gaekwad, who was opposed to the idea of diluting the Rendezvous equity, they finally agreed to agree.IPL Kochi ShareholdersSpeaking to INDIA TODAY, Satyajit said, “The past is behind us. Earlier we were consortium partners, but now we are a family.”  That is just about all he is saying. So are other members of the ‘family’ who seemed bound by Omerta, the code of silence. Anchor Earth promoter Mehul Shah was equally reticent when he said that the consortium members have decided not to speak on the issue while another partner, Vivek Venugopal, was perfunctory when he said that “everything was on track.”When the original bid was devised, it was agreed that the Gaekwads-Satyajit, Shailendra and Ravi (Shailendra and Ravi are brothers while Satyajit is a distant relative) – or Rendezvous Sports World, in whose name the title rights were vested, would get free equity of 25 per cent and pay only for 1 per cent at Rs 1.33 crore. What is not widely known is that the 26 per cent equity was broken up in this manner-the Gaekwads were to get only 10 per cent of this (10 per cent free plus one paid) and Sunanda Pushkar, who later married Shashi Tharoor, was to get 5 per cent as sweat equity towards her contribution in bringing MNC sponsors for the franchise. Another 10 per cent was reserved for the brand ambassador (this was for an important person who would add value to the brand).advertisementTharoor with SunandaI have no plans to associate myself with IPL Kochi in the future. I’ll keep my distance and support them from outside.- Shashi Tharoor, IPL Kochi brand ambassadorTharoor, who is probably the most aggrieved of all the parties associated with this venture because he lost his job, says, “I have no plans to associate with them in the future, other than watch matches played by the Kochi team. I am happy that a compromise was reached between the warring factions. This is great news for all the young Keralites who are enthused by the fact that they now have an IPL team. I am going to keep my distance and support them from the outside.”Speculation has been rife in the past that the job of brand ambassador was reserved for Sunil Gavaskar. Sources close to the franchise said that Kochi was initially keen on Gavaskar as a crucial member of the advisory board to give specific inputs on cricket. This plan may be revived now that the problems have been resolved. Gavaskar is friends with both sides. The earlier arrangement was to have the Gaekwads in lead position in the unregistered joint venture where they paid all the expenses leading up to the bid.Once the discredited Lalit Modi tweeted and outed Pushkar’s name, there was a furore. The fracas died down with the BCCI deciding that Kochi will stay on as a franchise in Season 4. But in the interim, the paid investors led by Mehul Shah, Chintan Vohra and Harshad Mehta and company decided to flex their muscles. The pushing and pulling created intractable differences. At the centre of the conflict was the free equity given to the Gaekwads. By pressuring the Gaekwads to bring down their equity from 26 to 10 per cent, the biggest beneficiary is Venugopal, whose stake has risen from 1 to 5 per cent. Similarly, Shah’s Anchor is now the single largest shareholder with 31.4 per cent (up 4.4 per cent), while Patel has increased his stake by 4.6 per cent.Suddenly, there was a volte face by the paid investors who wanted to grab the reins. The pressure game mounted as they argued for the paring of the free equity component. The Gaekwads also played hardball, refusing to back down. They even floated a trial balloon, saying that they were willing to bring in additional investment and would be willing to pay for some of their free equity at the rate of Rs 1.33 crore per percentage share. The paid investors rejected this notion outright as they didn’t want any new investor to join this band of brothers.advertisementAll this happened despite Shah’s faction sending a legitimate letter of termination to the BCCI. The reason why the BCCI gave the franchise another opportunity was because its legal rights were vested in Rendezvous Sports World. Over those seven days, the Gaekwads forsake control of the franchise by building a new entity, Kochi Cricket Pvt Ltd, which has all six partners as board directors.Investors and their stakes in IPL Kochi Season 4It is still not clear who will represent the Gaekwads on the board: it could be either Shailendra or Satyajit, and this decision will be taken by the board meeting this weekend. The board will now take all decisions and committees have already been formed to independently look after marketing, branding and cricketing, which is believed to be with the Gaekwads.The loose confederation had also prepared the tentpoles by registering the new entity, Kochi Cricket Pvt Ltd.How does the new arrangement work? The new working relationship has the paid investor lot coughing up for the entire 26 per cent that was once owned by the Gaekwads or Rendezvous. They have paid for this equity at the rate of Rs 1.33 crore to the authorised share capital of the company. Based on this principle, the investors have paid Rs 133 crore as the authorised share capital of the new company.Patel sums up the situation by taking recourse to God and fate, “Every human commits mistakes and if a man does not commit a mistake, God makes him commit a mistake so that he can correct himself. Everyone had his own understanding of issues.” Brave words for an outfit that was teetering on the precipice.last_img read more