Nimbus deal hinges on surety. Economic Times (New Delhi, India) | March 22, 2007 | COPYRIGHT 2007 The Economic Times. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information) Copyright

Mar. 22--MUMBAI/NEW DELHI -- Senior officials of the Board for Control for Cricket in India (BCCI) are meeting on Thursday to discuss the ongoing row with Nimbus amidst growing indications that the contract with the Harish Thawani-promoted outfit could be terminated if the crucial bank guarantee is not provided.

BCCI has given Nimbus time till March 24 to provide bank guarantee worth Rs 900 crore. Failure to do so will mean termination of the contract it entered into with great fanfare in February 2006. "There has been a breach of contract. Nimbus will first have to ...

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