The International Cricket Council’s Dispute Panel has given their verdict in the PCB vs BCCI case where the Pakistan Cricket Board had claimed damages worth Rs 447 crore from their Indian counterparts for allegedly failing to honour a Memorandum of Understanding (MoU) on bilateral series.

The verdict? BCCI will be making no such payment.

"...the PCB's claim is dismissed. Costs are reserved," the ICC stated.

"The judgement is binding and non-appealable," it added.

The ICC's three-member dispute resolution committee was formed last year to look into the PCB's compensation claim. The hearing took place at the world body's headquarters here from October 1-3.