The main highlight of Justice Lodha's verdict in the IPL scandal:

Former Chennai Super Kings former official Gurunath Meiyappan and Rajasthan Royals' co-owner Raj Kundra suspended for life from cricket.

'Former CSK official Meiyappan suspended for life for betting in IPL 2013,' declared Justice Lodha.

'Meiyappan ought not to have indulged in corrupt practices. Any person who has true passion for the game will not bet. Meiyappan was engaged in heavy betting, it was his bad luck he made no profits. Meiyappan's conduct affected the image of BCCI, IPL, the players and others associated with the tournament," he adds.

On Raj Kundra, he says: 'Raj Kundra suspended for life from being involved in any activities of the BCCI. After investigation it was found that Raj Kundra was placing bets through punters. Rajasthan Royals have damaged the faith of BCCI and the sport, Raj Kundra has been found guilty of misconduct. Raj Kundra is a first time offender but his misconduct has brought disrepute to the game."

However, the biggest news of the day was the suspension of the two former IPL winners -- Rajasthan Royals and Chennai Super Kings -- for a period of two years from the IPL.

"Gurunath Meiyappan acted with consent of India Cements. Propose to impose sanctions on India Cement's franchise by suspending it from the league for 2 years," said Justice Lodha.

"Jaipur IPL team can't shrink responsibility by saying Mr. Kundra acted in personal capacity. Its true that Mr.Kundra relinquished his shares from Rajasthan Royals in March, but it was too late," he added.

The Supreme Court appointed R M Lodha panel recommended that the  Chennai Super Kings and Rajasthan Royals be suspended from the Indian Premier League for two years.  

Former Chennai Super Kings official Gurunath Meiyappan suspended for life for betting in IPL 2013: Justice Lodha.

He has been suspended for life from taking part in any cricket related activities.
Meiyappan's conduct affected the image of BCCI, IPL, the players nd others associated with the tournament, added Justice Lodha.

Royals' former co-owner Raj Kundra has also been suspended from cricketing related activities for two years.

'Jaipur IPL team can't shrink responsibility by saying Mr. Kundra acted in personal capacity. Rajasthan's defence is legally unacceptable. The franchises are directly responsible for the actions by their owners', he points out.

'Its true that Mr.Kundra relinquished his shares from Rajasthan Royals in March, but it was too late', he further added.

Propose to impose sanctions on India Cement's franchise (Chennai Super Kings) by suspending it from the league for 2 years: Justice Lodha

He says franchise owner India Cements took no action against team official Meiyappan

Rajasthan Royals' co-owner Raj Kundra has been declared ineligible from taking part in cricket for five years and suspended for life from being involved with BCCI, says Justice Lodha

After investigation it was found that Raj Kundra was placing bets through punters, says Justice Lodha.

Raj Kundra is a first time offender but his first misconduct has affected the image of game of cricket. Kundra has been declared illegible to participate in cricket.

Former Chennai Super Kings official Gurunath Meiyappan suspended for life for betting in IPL 2013: Justice Lodha.

He has been suspended for life from taking part in any cricket related activities.

Meiyappan's conduct affected the image of BCCI, IPL, the players and others associated with the tournament, added Justice Lodha.

Gurunath Meiyappan engaged in heavy betting during IPL says Justice Lodha

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.

The sources in the Committee said  the three former judges, who were asked to complete the task within six months, have also examined the amendments to the memorandum of association and rules and regulations considered necessary to provide a mechanism for resolving conflict of interest.
The apex court bench headed by Justice T S Thakur had said it was appointing an independent committee of judges keeping in view the "the trajectory of the present litigation, and the important issues it has raised".

The verdict of Lodha Commitee on imposing punishments on Gurunath Meiyappan and Raj Kundra will be out soon. 

The apex court on January 22 had held that the allegation of betting against Meiyappan and Kundra stands proved and set up the three-member committee of its retired judges, including Justices Ashok Bhan and R V Raveendran to determine the punishment for Meiyappan, who was the CSK team principal and Kundra, co-owner of RR.
- Coverage: IPL spot-fixing saga

The fate of Indian Premier League teams -- Chennai Super Kings and Rajasthan Royals -- will be known today when the Supreme Court-appointed high-level Committee headed by former Chief Justice of India R M Lodha will pronounce the quantum of punishment against their franchisees and their team officials Gurunath Meiyappan and Raj Kundra for betting during the sixth edition of the T20 tournament in 2013.