Rajasthan Royals part ways with Bajaj Allianz

Rajasthan Royals part ways with Bajaj Allianz
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First Published: Fri, Mar 20 2009. 07 15 AM IST
Updated: Sun, Mar 22 2009. 05 24 PM IST
New Delhi/Mumbai: Indian Premier League (IPL) team Rajasthan Royals and its estranged principal sponsor Bajaj Allianz Life Insurance Co. Ltd have “mutually agreed to part ways” and decided to withdraw court cases filed against each other, a press statement from both the parties said.
Last year, the IPL champion not only snapped ties with Bajaj Allianz but Jaipur IPL Cricket Pvt. Ltd, the company that owns the Rajasthan Royals, had filed a suit asking for “permanent injunction, recovery of dues and damages on the basis of memorandum of understanding” signed between them on 31 March.
Meanwhile, the Maharashtra police on Friday appeared to be divided on holding IPL matches in the state.
While Maharashtra director general of police and election security in-charge Suprakash Chakravarty, expressing his personal opinion, called for a postponement of the event, Mumbai police commissioner Hasan Gafoor said the city was ready to host the matches.
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First Published: Fri, Mar 20 2009. 07 15 AM IST