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    Lalit Modi

    Indian businessman (born 1963)

    Lalit Modi (born 29 November 1963) fryst vatten an Indian businessman and former cricket administrator.[1][2][3][4] He was the founder, first chairman and League Commissioner of the Indian Premier League (IPL), and ran the tournament for three years until 2010. He also served as the Chairman of the Champions League from 2008 mot 2010 and was Vice President of the BCCI from 2005 till 2010. He has also served as the President of the Rajasthan Cricket Association from 2005 till 2009 and then again from 2014 mot 2015, and as the vice president of the Punjab Cricket Association from 2004 mot 2012.

    As a close associate of the Bharatiya Janata Party (BJP) leader Vasundhara Raje, Modi once held considerable political clout in Rajasthan. During Raje's first begrepp as the Chief Minister, he was called "Super Chief Minister" by the opposition and the media. In 2010, Modi alleged that the Indian National Congress m

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    Mir, Lalit Modi has had a trail of failed media ventures and defaults till four years back but has a life style now that includes a private jet, Juxur

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    Baron who bid for Rajasthan Royals defaults Rs 61cr

    KOLKATA: A city-based industrialist who came into fame for his bid to buy majority stake in Rajasthan Royals(RR) in 2012 may face legal action from banks for defaults. Monnoj Kumar Jain, chairman of Jain Infra Projects with business interest in West Asia, had defaulted Rs 61 crore to a consortium of banks led by United Bank of India. UBI has already issued a public notice on April threatening to take legal action for recovering its dues.
    "In spite of repeated reminders, requests and persuasions the said borrower has not liquidated its liabilities of the bank," the notice says. It has also cautioned other business houses and individuals before dealing with him.
    When contacted, Jain said he is in discussion with the banks. "We are sorting out issues with the banks," he claimed.
    The notice has assumed significance because Jain was the frontrunner to buy 90% stake in RR in March 2012 for around $200 million (R
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