Supreme Court verdict on N Srinivasan and IPL teams: 5 big developments

The Supreme Court delivered its final verdict in the IPL spot-fixing case on Thursday. The verdict turned out to be extremely significant for several BCCI officials and some huge decisions were taken by the court.Among the many decisions taken, some of them are expected to have some key consequences as far the future of the board is concerned.Here are 5 of the biggest developments from the Supreme Court’s verdict on Thursday:

#1 Gurunath Meiyappan and Raj Kundra found guilty of betting

In a huge blow to Rajasthan Royals co-owner Raj Kundra and former Chennai Super Kings Team Principal Gurunath Meiyappan, both were found guilty of indulging in betting activities during the Indian Premier League (IPL).

The Supreme Court stated that Meiyappan and Kundra were officials of their respective IPL sides and had involved themselves in illegal activities.

The level of punishment to be imposed on the duo will be decided by a three-member independent panel formed by the court.

2. Meiyappan of CSK & Kundra of RR are indeed "Team Officials" and indulged in betting. #BCCIJudgment

— Rahul Mehra (@TheRahulMehra) January 22, 2015

SC says Raj Kundra was given fair hearing and confirms Meiyappan officials bet on matches. Ramfication of this on two franchises awaited...

— Cricketwallah (@cricketwallah) January 22, 2015