MUMBAI, June 18 -- In a setback for BCCI, the Bombay HC refused to interfere with two arbitration awards, directing the cricket board to pay Rs.385.50 crore to Kochi Cricket Private Ltd (KCPL) and Rs.153.34 crore to Rendezvous Sports World (RSW) in connection with Kochi Tuskers. A single judge bench of Justice Riyaz Chagla rejected two arbitrations challenging separate arbitration awards passed in connection with franchise agreements executed with RSW in April 2010 and in March 2011 with KCPL - a joint venture between BCCI and RSW. Both arbitral awards were passed on June 22, 2015. On Sept 19, 2011, BCCI terminated its franchise agreements with RSW and KCPL over non-furnishing of requisite bank guarantees. The arbitrator ruled in favour of ...