Lodha Committee verdict: CSK & RR suspended from IPL

Justice Lodha makes it very clear that players are free to play for other teams and franchises can be sold off by BCCI/IPL.

"It's true that Mr.Kundra relinquished his shares from Rajasthan Royals in March, but it was too late": Justice Lodha

Big news: Both Chennai Super Kings and Rajasthan Royals suspended from IPL for 2 years!

Raj Kundra is declared illegible in cricket participation for five years and suspended for life in any type of cricket matches.

After investigation it was found that Raj Kundra was placing bets through punters: Justice Lodha

Raj Kundra should have known betting is illegal in India. Cannot be accepted that he did not know being a UK citizen: Justice Lodha

Gurunath is suspended for life in any sort of cricket matches, says Justice RM Lodha

If Meiyappan's reputation is tarnished, it is small compared to the damage done to the sport: Justice Lodha

Justice Lodha mentions that Meiyappan suffered Rs 60 lakh loss in bets.

Gurunath Meiyappan violated basic rues of the BCCI: Justice Lodha

Any person who has true passion for the game will not bet: Justice Lodha

Misconduct of Gurunath proven!

Justice Lodha is here. He will deliver the verdict now.

Madness at the press room for the verdict.

"We have worked to best of our ability", says Justice Lodha

Less than 10 minutes to go now. The verdict will be given at 1 pm IST.

Remember that 3 teams were defuncted in the past. Kochi Tuskers Kerala, Pune Warriors India and Deccan Chargers.