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BCCI loses second arbitration case, to pay Nimbus Rs 12 crore
MUMBAI: Sports broadcaster and media and entertainment company Nimbus Communications has won its second arbitration against the Board of Control for Cricket in India (BCCI) regarding dispute over a television production agreement.
As a result of this, BCCI will have to pay Nimbus a sum of Rs 11.88 crore as on 31 August, 2015.
Dispute between Nimbus and BCCI arose in late 2011 on three separate contracts post, which the matter was taken to the Arbitral Tribunal.
Headed by Justice S. H. Kapadia, the Arbitral Tribunal ruled in favour of Nimbus and upheld and allowed the claim of Nimbus in two parts with interest and costs.
The claim of Nimbus for principal amount along with interest (on principal amount from the date of invoices till 28 October, 2013, being date of filing statement of claim by Nimbus) amounting to total of Rs 9.81 crore and further interest at nine per cent per annum on principal amount from 28 October, 2013 till date of payment.
Additionally, the Tribunal awarded Rs 20.47 lakh claim of Nimbus for reimbursement of Bank Guarantee Commission charges with interest at nine per cent per annum from 28 October, 2013 till date of payment.
Lastly, costs quantified at Rs 55.73 lakh have also been awarded to Nimbus. The total of these costs amount to a sum of Rs 11.88 crore.
The arbitral proceedings had commenced on 22 October, 2013 arising out of disputes pertaining to the TV production agreement between the two parties and BCCI dated 29 September, 2010 which was terminated by BCCI on 20 April, 2012.
Nimbus had also won the first arbitration in August 2014, which was in relation to supply of equipment and technical services. The total amount including principal amount, interest and costs was approximately Rs 10 crore. BCCI’s appeal in that regard was dismissed by the Bombay High Court and no further appeal is now possible due to the period allowed for further appeal now having expired.
With this, Nimbus has now won both its completed arbitrations versus BCCI. The third arbitration, relating to media rights is underway and expected to conclude over the next few months. Nimbus’ claim in the same is in excess of Rs 4000 crore plus interest.
NEW DELHI: Hamdard Laboratories gathered a cross-section of India’s achievers in New Delhi on Friday, handing out the Hakeem Abdul Hameed Excellence Awards to figures who have left their mark across healthcare, education, sport, public service and the arts.
The ceremony, attended by minister of state for defence Sanjay Seth and senior officials from the ministry of Ayush, celebrated individuals whose work blends professional success with a sense of public purpose. It was as much a roll call of achievement as it was a reminder that influence is not measured only in profits or podiums, but in people reached and lives improved.
Among the headline awardees was Alakh Pandey, founder and chief executive of PhysicsWallah, recognised for turning affordable digital learning into a mass movement. On the sporting front, Arjuna Awardee and kabaddi player Sakshi Puniya was honoured for her contribution to the game and for pushing women’s participation onto bigger stages.
The cultural spotlight fell on veteran lyricist and poet Santosh Anand, whose songs have echoed across generations of Hindi cinema. At 97, Anand accepted the honour with characteristic humility, reflecting on a life shaped by perseverance and hope.
Healthcare honours spanned both modern and traditional systems. Manoj N. Nesari was recognised for strengthening Ayurveda’s place in national and global health frameworks. Padma shri Mohammed Abdul Waheed was honoured for his research-backed work in Unani medicine, while padma shri Mohsin Wali received recognition for his long-standing contribution to patient-centred care.
Education and social development also featured prominently. Padma shri Zahir Ishaq Kazi was honoured for decades of work in education, while former Meghalaya superintendent of Police T. C. Chacko was recognised for public service. Goonj founder Anshu Gupta received an award for his dignity-centred rural development initiatives, and the Hunar Shakti Foundation was honoured for empowering women and young girls through skill development.
The Lifetime Achievement Award went to former IAS officer Shailaja Chandra for her long career in public healthcare and governance, particularly in the traditional systems under Ayush.
Speaking at the event, Hamdard chairman Abdul Majeed said the awards were a tribute to those who combine excellence with empathy. “These awardees reflect Hakeem Sahib’s belief that healthcare, education and public service must ultimately serve humanity,” he said.
Minister Seth struck a forward-looking note, saying India’s young population gives the country a unique opportunity to become a global destination for learning, health and wellness by 2047.
The ceremony also featured the trailer launch of Unani Ki Kahaani, an upcoming documentary starring actor Jim Sarbh, set to premiere on Discovery on 11 February.
Instituted in memory of Unani scholar and educationist Hakeem Abdul Hameed, the awards have grown into a national platform that celebrates those building a more inclusive and resilient India. For one evening at least, the spotlight was not just on success, but on service with substance.
