Jannayak Janta Party leader Dushyant Chautala on Wednesday said that his party was in the process of forging an alliance with “like-minded outfits” to contest the Lok Sabha poll and an announcement in this regard will be made within four days. The Hisar MP said a three-member panel of the JJP, that includes K.C Bangar, S.S. Kadian and State unit chief Nishan Singh, has prepared a report which will be discussed with party patron Ajay Chautala, who will take a final call on the tie-up issue. He indicated that the Aam Aadmi Party could be on board among the like-minded parties, while some smaller outfits, which may not put up candidates to fight the election, could also be among those who extend support to the JJP.Mr. Dushyant Chautala said only one member from his family will be contesting the general election. “Within four days, we will come out with details and make an announcement,” he said.
The Deccan Chargers have lost their place as an Indian Premier League franchise after it failed to meet an extended deadline to furnish a Rs.100 crore bank guarantee.The beleaguered owners of Deccan Chargers failed to produce the bank guarantee before the Bombay High Court, a condition that had been set for the struggling team’s survival in the league.Claim to fameThe Hyderabad-based company has won the second season of the IPL in 2009 held in South Africa under the captainship of Adam Gilchrist. Media group Deccan Chronicle Holdings Ltd had bought the franchise for an amount of USD 107 million on 24 January 2008.Why in newsReports quoting sources say banks and financial institutions that have lent money to Deccan Chronicle Holdings are being investigated for alleged irregularities in their dealings with the Hyderabad-based media house.The finance ministry has asked a two-member panel to conduct the probe, which is expected to take two months. A Mumbai based real estate company, Kamla Landmarc has bought the Deccan Chargers IPL franchise. Owned by Mr Ramesh Jain, the company undertakes construction of residential/commercial projects.