The Board of Control for Cricket in India (BCCI) has rejected Pakistan Cricket Board's (PCB) demand of compensation for not playing bilateral cricket series with the Asian neighbours.
The PCB had earlier this month sent a legal notice to its Indian counterpart for failing to honour the Memorandum of Understanding (MoU) signed between the two cricket boards in 2014.
The PCB had also demanded compensation close to USD 60 million from the BCCI for not honouring the MoU signed when N. Srinivasan was at the helm of affairs in the Indian board.
In response to PCB's notice, the BCCI has said that the MoU signed in 2014 is not a "legally binding document" and that India didn't play because of government's clearance, hence the Indian cricket board cannot be blamed.
According to the 2014 agreement, India were scheduled to play six series against Pakistan, four of them were going to be Pakistan's home series, subject to clearance from the Government of India.
In April 2017, Sethi informed that they have decided to sue the BCCI for failing to honour an agreement to play a bilateral series.
In December, he had revealed that the PCB had suffered a loss of 200 million dollars because of India's refusal to play the promised series against Pakistan.
While the BCCI has repeatedly snubbed Pakistan's request for resumption of ties, the PCB wants the Indian cricket board to honour its commitment of six series between 2015-2023 under the MoU signed, which is subjected to clearance from the Government of India.
Despite not playing a full-fledged bilateral series against Pakistan since the 2008 terror attacks in Mumbai, the arch-rivals have played each other a number of times in the ICC events, with the most recent coming at the 2016 ICC T20 World Cup.
Although, Pakistan toured India for a short series in December 2012.
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