BCCI had moved the Supreme Court for the release of funds, saying non-disbursal would result in the cancellation of the Rajkot test.
The Supreme Court on Tuesday allowed the Board of Control for Cricket in India (BCCI) to release a sum of Rs 58.66 lakh for the first Test between India and England starting on Wednesday in Rajkot.
Earlier on Tuesday, the BCCI moved the Supreme Court for the release of funds, saying non-disbursal would result in the cancellation of India-England test on Wednesday.
The Lodha panel, however, had opposed the BCCI submission and said that the cricket body is in contempt by not obeying the apex court's directions.
Last week, the Supreme Court appointed Lodha Committee had told the Indian Cricket Board that the "proposed MoU" between England and Wales Cricket Board (ECB) and BCCI "is not a part of the mandate" and no directions can be issued on payments unless details are furnished.
Secretary Ajay Shirke had sought directions from the committee that since home board makes all the arrangements and payments for the visiting team during a bilateral series, whether they could ask ECB to make their payments as BCCI can't carry out financial transactions.
Meanwhile, BCCI President Anurag Thakur and secretary Ajay Shirke submitted the compliance report to Lodha Committee on Saturday.
On October 21, the apex court had choked funds to the state associations till BCCI president Anurag Thakur and the units "undertake to implement" the Justice R M Lodha committee recommendations on reforms.
The apex court, in a slew of directions, had sought appointment of an "independent auditor" to "scrutinise and audit" the income and expenditure of the cash-rich body besides going into high-value contracts awarded to various entities awarded by it.
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