In a jolt to sidelined BCCI president N. Srinivasan, the Supreme Court Thursday said he cannot contest elections for the Indian cricket board's governing body presidency as long as he is involved in a "conflict of interest" situation as an owner of IPL franchise Chennai Super Kings.

  The apex court said this while striking down an amendment to the BCCI rules which permitted the office bearers of the apex cricket body to have commercial interests in the Indian Premier League (IPL) and the Champions League Twenty20 and all events organised by the BCCI.