da betsul： A Mumbai-based company has filed an appeal against a High Court orderrefusing to stay the decision of the Board to award a three-yearcontract for clothing sponsorship of Indian team in internationalmatches to International Management Group and
10-Jun-2001A Mumbai-based company has filed an appeal against a High Court orderrefusing to stay the decision of the Board to award a three-yearcontract for clothing sponsorship of Indian team in internationalmatches to International Management Group and Transworld Internationalcombine (IMG-TWI).The appeal was filed by proprietor of Gayatri Arts Sham Dhumatkaryesterday in the Mumbai High Court and is likely to be heard within aweek. Gayatri Arts had challenged BCCI’s decision to award contract toIMG-TWI by way of a petition in the High Court. The company claimedthat it had made the highest bid of Rs 90 crore through a legal tenderadvertised by BCCI in a newspaper. Yet, the contract was awarded toIMG-TWI combine.Justice D K Deshmukh, hearing the petition, had, in an ad-interimorder, refused to stay BCCI’s decision. Gayatri Arts filed an appealcontending that the Judge had failed to take cognizance of the bidmade by it which was higher than the one put up by IMG-TWI. Hence theaward of contract to IMG-TWI was bad in law, improper and unjustified.Gayatri Arts submitted that BCCI had confirmed the contract in aletter on May 3 and gave 48 hours notice to accept the offer.Accordingly, Gayatri Arts accepted the contract offer in a letter toBCCI, the court was told.On May 22, however, BCCI’s marketing committee held a second meetingin New Delhi where the contract awarded to Gayatri Arts was resiledand instead awarded to IMG-TWI after an open bidding and revelation ofprices.Gayatri Arts claimed that the contract was complete after BCCI wrote aletter to them making the offer of contract and the company acceptingit in writing. BCCI, on the other hand, claimed that its communicationto Gayatri Arts was not a confirmation letter of contract but a mere’query’.