Ex-Chargers executive moves Andhra Pradesh high court

HYDERABAFD: After having moved a civil court in Secunderabad against Deccan Chronicle Holdings Ltd (DCHL) recently, former Deccan Chargers chief executive Timothy Wright on Friday approached Andhra Pradesh high court seeking interim protection of money due to him in the light of the company's attempts to sell its IPL team. Keeping In view the urgency of the matter, Justice Ramesh Ranganathan has scheduled a full hearing on Monday(September 10), ahead of the closing dates for the bids for the Deccan Chargers tender, that closes on September 13, counsel for Tim Wright said.Deccan Chargers had on Thursday floated a tender under the aegis of Binviting bids from interested buyers for the IPL team.
The counsel for Wright contended that the sale of Deccan Chargers was being done without accounting or providing for amounts it has to pay Wright as ordered by the high court of justice, Queen's Bench Division, London.
The London court had on July 16, 2012, ruled against DCHL and awarded £10.55 million to Tim Wright for breach of contract at 8% interest per annum till repayment which works out to around Rs 97.55 crore.
Wright has already filed an execution petition against DCHL under Section 44A of the Code of Civil Procedure in the city civil court at Secunderabad seeking execution of the order passed by the London court against DCHL.
In his execution petition, Wright has sought attachment and sale of various movable and immovable assets and properties of DCHL, including the Deccan Chargers IPL franchise and certain immovable properties in Hyderabad to recover his dues. The execution petition is slated to come up for hearing in the civil court on October 3, 2012.