The franchise, which played in only one season in IPL 2011 (referred as 2010 season by the BCCI), was terminated by the BCCI for allegedly breaching the terms contract - in this case - failing to submit a bank guarantee before the deadline.

Why was IPL team Kochi Tuskers Kerala terminated? BCCI asked to pay INR 3,855 million to franchise which played only one season

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Why was IPL team Kochi Tuskers Kerala terminated? BCCI asked to pay INR 3,855 million to franchise which played only one season