Free Press Journal

Deccan Chargers fate is sealed

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New Delhi: The cash-strapped Deccan Chargers are out of the Indian Premier League with the Supreme Court refusing to stay termination of the Hyderabad team by the Indian cricket board. The decision has paved the way for filling of the slot by fresh auction on October 25.  A bench headed by Chief Justice Altamas Kabir dismissed the plea of Deccan Chronicles Holdings Limited, promoter of Deccan Chargers, to extend time till October 25 for furnishing the bank guarantee of ` 100 crore.