New Delhi: India Cements Limited - owner of Indian Premier League (IPL) franchise Chennai Super Kings - told the Supreme Court Friday that any action against it would have disastrous consequences for the cash-rich Twenty20 tournament.

If any orders are passed against India Cements it could have "disastrous consequences not only for this respondent (India Cements) but also for the entire league, the cricketers involved, third parties such as sponsors, apart from millions of fans, Chennai Super Kings being arguably the most valuable and popular team in IPL," India Cements said in its response to the Mudgal Committee report.