"Due to the supervening circumstances arising out of the order passed by the Supreme Court on July 18th, relating to the implementation of the recommendation of the Lodha Committee, it has become necessary to cancel the AGM already convened to be held on July 31, so as to implement necessary amendments," legal advisor Ushanath Banerjee told reporters after a meeting with the CAB top brass.

The announcement comes a day after the Lodha Committee had directed the Indian Cricket Board to freeze all elections post Monday's verdict by the Apex court.

“Fresh notice for the AGM will be issue after incorporation of required changes. Appropriate notices have been issued to the affiliated members," Banerjee added.

CAB president and former India captain Sourav Ganguly said they are going by the rule book and it was necessary to take the call yesterday with two days left for the last date of filing nominations for the AGM.

"There's a process according to the CAB rule book. We will deal accordingly. We had two days left for the last day of filing nomination. So we had to take this decision today. It's difficult to say the next step at this point of time."

The CAB also has called an emergent working committee meeting Monday to ratify the cancellation of the AGM.

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