The apex court held that the allegation of betting against Meiyappan, son in law of former BCCI president Narayanswami Srinivasan, and Kundra stands proved while the charge of cover up against Srinivasan was "not proved".
Under the IPL rules, the franchise of a team can be cancelled if a team official indulges in any act that brings the game to disrepute.
The committee is expected to give its recommendations on reforms of the BCCI later.