Mumbai:The Governing Council (GC) of the Indian Premier League (IPL) here on Sunday decided to abide by the Lodha Committee verdict and will constitute a panel to study the order suspending two franchises and banning two team officials.

The Supreme Court-appointed Lodha Committee on July 14 suspended Chennai Super Kings (CSK) and Rajasthan Royals for two years from the IPL in the spot fixing and betting scandal that rocked the cash-rich Twenty20 tournament in 2013.