The judgement means all the decisions taken by Sethi-led Board now stand void, including the appointments of Moin Khan as chief selector and manager, Waqar Younis as head coach, Mushtaq Ahmed as spin bowling coach, Grant Flower as batting coach, Zaheer Abbas as principal advisor to chairman on cricket affairs and even termination of nearly 150 employees.
The IHC in its judgement said it was necessary to suspend the government notification issued in February which brought Sethi in power at the expense of an elected Ashraf regime.
Ashraf told reporters after a meeting of the governing board members that it was time the government accept the court's decision and respect it.
"I respect the government and am keen to work with it but the decisions of the judiciary also must be respected and accepted," he said.
Ashraf, who was initially appointed chairman by then President Asif Zardari in 2011, later got himself elected as chairman of the Board under a revised constitution which he says was approved by the ICC.