The Board's head of the interim arrangement, Jagmohan Dalimya, was forced to call the meeting after the Delhi Police claimed that Kundra, a minority shareholder in Rajasthan Royal, has confessed to betting during the IPL matches.
The BCCI is under immense pressure to take a tough stand in a bid to restore the credibility of the IPL which has taken a severe beating following the scandals.
If the charges are proved, Rajasthan Royals face the prospect of being terminated from the IPL and to avoid this fate, the franchise has already distanced itself from Kundra.
The team is, in fact, ready to dump Kundra to save the franchise, stating that the businessman has no involvement in its running and would be suspended if found guilty.
"Mr. Raj Kundra is a minority (11.7%) shareholder, and he has no involvement in the running of the franchise. We believe that Mr. Raj Kundra is a law abiding citizen and would not act contrary to law," Rajasthan Royals Chairman Ranjit Barthakur and CEO Raghu Iyer had said in a statement.
"If however, he is proven guilty, or has breached any regulations, he will be suspended, and he will also forfeit his shares. This is a strict governance procedure agreed to by all Rajasthan Royals shareholders, and it is consistent with our zero tolerance approach," the statement said.