The Royals had filed a case in the Bombay High Court challenging the board's decision to unilaterally terminate the franchise. The BCCI decided on October 10 to end the franchise's IPL contract on charges that irregularities in its ownership and shareholding threatened to "shake the very foundation of the tender process."
The two parties have agreed that Justice BN Srikrishna will act as the sole arbitrator and will appear before the High Court on November 18 for directions on how to proceed with the process.
"This is exactly what we wanted," a Rajasthan Royals source told ESPNcricinfo. "It is good for us because arbitration is a faster route [than the courts]."
The Kings XI Punjab franchise also has its IPL contract terminated by the BCCI and they too have filed a case in the High Court disputing that decision. Given that the franchise contracts are the same in both cases, it is likely that their case will also wind up in arbitration with the board.
