Hearing a plea by the Cricket Association of Bihar, which sought to stop Srinivasan from contesting, the Supreme Court today allowed the Tamil Nadu strongman to fight it out but told him not to take charge even if he is elected till further orders.
"In case Srinivasan is elected as President, he will not take charge until further orders," a bench comprising Justices A K Patnaik and J S Kehar said.
But a defiant Srinivasan said he would stand for election as "nobody" has stopped him from doing it.
"Nobody has stopped me from contesting elections and attending the AGM. Before taking my comments, kindly go through the observations made by the honourable Supreme Court.
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"It states clearly that I have not been stopped from attending the AGM and I am also going to contest the election, why shall I not contest the elections?" fumed Srinivasan.
Srinivasan's company India Cements owns CSK, a two-time IPL champion side.
Despite not having anything against his name, Srinivasan has been under tremendous pressure to resign on moral grounds but has remained defiant, challenging every dissenting voice within and outside the BCCI.