Mumbai, July 19 (IANS) The Indian Premier League (IPL) Governing Council (GC) met here on Sunday and decided to abide by the Lodha Committee verdict suspending two franchises and banning two team oficials. The Indian cricket board (BCCI) will also form a working group which will study the verdict.

“BCCI respects the verdict of the Lodha Commission and will abide by their (sic) decisions, in toto. The members recognised that there is an urgent need to understand the impact of this decision and the wider ramifications for BCCI in detail, so as to uphold the paramountcy of the game in our country,” Board of Control for Cricket in India (BCCI) secretary Anurag Thakur said in a statement.

“The IPL GC hence authorised the Chairman, Shri Rajeev Shukla, to constitute a working group which will study this verdict, in consultation with all our key advisors and explore all the possible measures to be adopted, with an objective to protect the interests of all the stakeholders involved.

“This group will work within a time-bound period of 6 weeks and report their recommendations to the IPL GC, which will deliberate and share their views with the working committee of the BCCI, for further action,” Thakur added.