Supervisor appointed for Deccan Chargers auction

Posted by | Sep 12, 2012 | | 0 |

The Bombay High Court has appointed a court officer, MD Narvekar, to supervise the auction of the IPL franchise Deccan Chargers on September 13 in Chennai. The franchise is up for sale after its owner Deccan Chronicle Holdings Limited (DCHL) suffered financial losses.

The ruling was made after Tata Capital Financial Services, to which DCHL owed Rs.101 crore ($18 million approximately), had filed a petition with the High Court to protect its interests in view of the dues. The High Court also stated the sale proceeds from the auction would have to be deposited in ICICI bank and that the…

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Vinod Rawat

I'm a very patient listener with positive attitude towards work and life. I'm kind of innovative and creative, I keep learning things and try to implement them to the best use possible. Sometimes I love to write a little and share with the world, sometimes I stay busy at work or family. Professionally I'm a Web & Graphic Designer and also a Pro Marketer. I have over 12 years of working experience in Sales & Marketing, Graphic and Web Design. Explored many areas of business. Sometimes I do love to travel.

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