Lalit Modi believes that if that $12 million cap is relaxed, leading IPL players could earn as much as English Premier League footballers and even NFL stars.
Interestingly, in reply to the question of Lalit Modi's lawyers, Shashank Manohar accepted that N. Srinivasan was never positively disposed towards Lalit Modi and nurtured animosity towards him.
BCCI officials N Srinivasan and Prasanna Kannan were summoned to appear before the adjudicating authority on March 7.
A bench of justices S C Dharamadhikari and P D Naik said that BCCI representatives who would attend the cross examination proceedings at the Enforcement Directorate's office must not participate in, or prejudice the proceedings.
The decision could well mean that Rajasthan Royals may stay back and play their IPL games at the Sawai Man Singh Stadium.
Ruchir Modi, President of Alwar District Cricket Association, has welcomed the revocation of suspension of the Rajasthan Cricket Association by the Board of Control for Cricket in India (BCCI).
The Rajasthan Cricket Association (RCA) was suspended by BCCI in May 2014 when ex-IPL Commissioner Lalit Modi was re-elected as the president.
Lalit Modi was the first chairman and commissioner for IPL and ran the tournament till 2010.
In a severe jolt to former IPL commissioner Lalit Modi, the newly elected executive of Rajasthan Cricket Association suspended Nagaur District Association (NDA).
Imposing a ban on RCA, the BCCI in its ruling in 2013 said that until the time former IPL chairman Lalit Modi is associated with state cricket board, it shall not recognise the authority