Internet Desk: A compensation close to Rs 450 crore has been demanded by the Pakistan Cricket board (PCB) to the BCCI for not honouring the MOU of playing six bilateral series within a time period of 2014 and 2023.
The PCB had earlier sent a notice to the BBCI stating it had suffered a loss of USD 69576406after India failed to play the series in 2014 and 2015.
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 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 countries.
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.
With inputs from PTI.