LAHORE: The Lahore supreme court has set Wednesday because the next day of hearing within the case filed by all six franchises of the HBL Pakistan Super League (PSL) against the Pakistan Cricket Board (PCB) over some financial issues.
Justice Sajid Mahmood Sethi on Friday issued notices to all or any the parties for Wednesday hearing.
All the franchises are asked by the PCB to deposit the bank guarantee money by Sept 25 (Friday) but the owners have objected that first the PCB should introduce a replacement model that it's devised for the PSL. The franchises are more curious about meeting with the PCB to finalise the financial model which is pending for the last three years.
Furthermore, the franchises even have concerns that since the accounts of the last edition of the PSL-5 are still incomplete because the remaining four matches are yet to be held in November, they're reluctant to deposit the bank guarantee money at this stage.
Meanwhile, franchises’ lawyer Salman Raja told Dawn that because the petition had been accepted, there would be no adverse action the PCB would take against the franchises for not depositing the bank guarantee money, the deadline that passed on Friday.
PCB’s lawyer Taffazul Rizvi, though raised an objection with reference to the maintainability of the petition and also apprised the Justice that the PCB had twice in the week invited the franchise owners to satisfy and discuss the financial model for HBL PSL with a view towards redressing grievances in straightness . However, the honourable judge admitted the writ and summoned the notice to the party for Wednesday.
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