"Just wait for 19th (January), I believe as soon as administrators are appointed by the Supreme Court, they take over, things would, I believe, move fast," he told reporters on the sidelines of launch of late jurist Nani Palkhivala's biography written by his friend Dharmendra Bhandari.
On January 2, the Supreme Court directed BCCI and all state associations to implement recommendations of the committee headed by Lodha.
To a specific query on what he feels about the delay in implementation of the reforms, he said, "I think better late than never. Of course, there is a delay of six months, but I think that will be repaired."
He added there will be fresh timelines now and the new administrators will implement them.
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Coming down heavily on the defiant BCCI brass, the SC had on January 2 removed Anurag Thakur and Ajay Shirke as President and Secretary respectively for "obstructing" and "impeding" its directions for overhauling governance in the cricket body, which will now be overseen by a committee of administrators.
The apex court had, in a separate order, said it would nominate the persons to be part of committee of administrators and posted the matter for hearing on January 19.
The ex-CJI lauded Palkhivala's work in a slew of cases, including the landmark Kesavananda Bharati versus State of Kerala, which he said, saved the democracy by defining the core values of the Constitution.
"If cultural plurality is not maintained the integrity and independence of the country will be in danger," he said, adding the 1.27 billion people of India hail from 4,300 diverse cultural groups.