RM Lodha has said the BCCI has "misinterpreted" the committee's email to two banks on Monday, asking them to not disburse funds from the board's account to its state associations
The Lodha committee is expected to come down severely on the glaring loopholes and absence of any mechanism in the BCCI to deal with and remove the conflict of interest issues both within the board and the state associations
BCCI secretary Ajay Shirke has responded to the Lodha Committee's directive on putting the elections of the state associations on hold, saying "the BCCI is not empowered under any law to stop any electoral process"
Entrusted with overseeing the transition at the BCCI, the Lodha Committee aims to ensure that all the recommendations approved by the Supreme Court are carried out by both the board and the state associations concurrently
The BCCI claimed it would have to cancel the rest of the ongoing home series against New Zealand because its bank accounts had been frozen by the Lodha Committee. The Lodha Committee said it had not frozen the board's accounts