Justice Lodha however, criticised the BCCI's stand, asserting that the panel has directed that enough funds should be available to conduct the daily administrative activities of the board and there is no question of discontinuing with the New Zealand series.
Head of the Supreme Court-appointed three-member panel investigating and reforming the BCCI, Lodha was reacting to BCCI president Anurag Thakur's comments regarding the "freezing of bank accounts" that apparently put the ongoing Test series between India and New Zealand in jeopardy.
October 6: Wicket-keeper batsman Parthiv Patel has thrown his weight behind the Board of Control for Cricket in India's (BCCI) decision to carry on with its conventional five-member senior selection committee. "We've asked BCCI to stop giving large funds to state associations", he told ANI. "How can we function, how can we make payments to the players and the various stakeholders?" An global team is here, and there is so much at stake.
A New Zealand Cricket spokesman said they had heard nothing from the BCCI.
The news broke in New Zealand when it was overnight in India, making confirmation or dismissal of the report hard.
An update is expected later this afternoon.
This Lodha v BCCI stuff is all just a ploy to keep Gambhir from playing Test matches again.
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They include " Blowin' in the Wind ", "The Times They Are a-Changin" and "Subterranean Homesick Blues". Majaw will perform Bob Dylan's songs to honour the legendary singer at a cafe in Shillong on Sunday.
The court made scathing observations saying that if BCCI "does not fall in line" and follow the court's directive to implement the Lodha Committee's recommendations, it will take measures to enforce them.
However, New Zealand Cricket spokesperson Richard Boock claimed it is business as usual for the Black Caps.
"It has come to the notice of this Committee that certain decisions have been taken at the "SGM" of the BCCI on September 30 to disburse large funds to the various member associations".
"The accounts of BCCI have not been frozen". In the BCCI's annual report, released on September 23, Chaudhry had said the board "received a compensation of INR 1607.58 Crores (net of payment made to foreign boards) on account of termination of the rights agreement" for the Champions League Twenty20, which was discontinued a year ago.
Tearing into the BCCI for ignoring the directions of the Lodha panel, the apex court had given the cricket governing body time till October 6 to respond to the panel's report.
Defending its action, the BCCI today informed the Supreme Court, "a meeting comprising all members took place and several recommendations of the Lodha Committee were rejected by voting".
The Supreme Court hearing in the BCCI case saw the country's top cricketing body taking a defiant attitude - and passing burden for reforms on state associations. The third and final Test is scheduled to start this Saturday in Indore.