Devendra Prabhudesai, media manager for the BCCI and IPL, declined to comment on Mr. Meiyappan's arrest.
The court ordered the BCCI to submit a report on its investigation within 15 days.
"We'll be cautious in scheduling matches during the rainy season, " said BCCI secretary Niranjan Shah.
In May this year, liquidators and lawyers acting for creditors to BCCI held a final meeting.
BCCI's financial condition prove not misfeasance, but the Bank's open process and seriousness of purpose.
Earlier in the day, the Board for Control of Cricket in India (BCCI) suspended the three players.
BBC: Indian cricketers arrested over spot-fixing allegations
There were also allegations it had failed to protect customers of BCCI led to long-running damages claims.
He also said the BCCI would not press the ECB for compensation should the series be shelved.
And each player's contract has been guaranteed for a three-year period by the Indian cricket board (BCCI).
The BCCI cancelled Zee's contract after rival ESPN-Star, a joint subsidiary of Disney and Rupert Murdoch's News Corp.
Jadeja was among four players who were banned by the BCCI for their alleged involvement with illegal bookmakers.
Disciplinary matters in the IPL, including those related to betting and spot-fixing, are handled by a three-member BCCI panel.
On May 21, India's Supreme Court criticized the BCCI for its "lackadaisical" approach toward controlling incidents such as spot-fixing.
The BCCI last week said it was "shocked and saddened" by the spot-fixing allegations and suspended the three players.
The Chargers are, somewhat shockingly, the fourth IPL team that the BCCI has terminated in the last two years.
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The Board of Control for Cricket in India (BCCI) has granted the club a 'no objection certificate' for Sehwag.
He moved back to Colombia and bought the Colombian assets of bankrupt bank BCCI, restructured it and flipped it.
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In 1991 regulators persuaded a court in Luxembourg to order BCCI liquidated on the grounds that it was hopelessly insolvent.
Meanwhile, Lalit Modi, vice-president of the Indian cricket board (BCCI), expects England to return - if safety assurances are met.
Jadeja was among four players banned in 2000 by the BCCI after they were accused of involvement with illegal bookmakers.
The BCCI also warned Santh, saying it would take "appropriate decision" if the fast bowler did not improve his on-field behaviour.
The BCCI was seeking legal advice on the arbitrator's verdict, and said it had three months to decide its future action.
But his return to club cricket in January lasted just seven overs before BCCI officials intervened to have him thrown out.
Read up on BCCI and First American Bank, Clark Clifford and Robert Altman and their behavior in the 80s and early 90s.
"The BCCI has zero tolerance to corruption, " it said in a statement.
Sharad Pawar, a former BCCI president, is the head of the NCP.
"A team of BCCI (Indian board) and government officials will visit Pakistan to see these measures are put in place, " Shukla added.
BBC: SPORT | Cricket | International Teams | Pakistan | India cleared for Test in Karachi
Modi said the IPL and BCCI would review conditions stipulated by the ECB at the next IPL governing council meeting in November.
The Board of Control for Cricket in India (BCCI) has said that if Mr Modi's reply convinces the members, proceedings will be dropped.
The next episode in the saga must be heard by 21 July - the deadline for the BCCI to back up its challenge.
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