The Pakistan Cricket Board (PCB) has demanded a compensation of Rs 447 crore from the Board of Control for Cricket in India (BCCI) for not honouring the Memorandum of Understanding (MOU) to play six bilateral series between 2014 and 2023.
The PCB had recently sent a notice to the BCCI, complaining that it suffered loses to the tune of USD 69,576,405 since the Indian team missed the November 2014 and December 2015 series.
The BCCI is to respond within seven days of receipt of notice, sent on May 3.
The MOU, signed in 2014, was part of a deal between the two boards under which Pakistan supported the “Big Three” governance and financial model in the International Cricket Council (ICC).
The BCCI has repeatedly turned down offers from the PCB for bilateral matches on the grounds that it is not being given clearance by its government due to tense relations between the two neighbours.
The PCB informally had told the BCCI representatives at the recent ICC meeting of its decision to start legal proceedings against them to claim compensation.