Diabytes
Sundar Raman News
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When contacted, Raman chose not to comment on Lodha panel's recommendations.
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Lodha committee verdict could seal Raman's fate as a sports administrator on Monday.
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Shetty was also the director for the ICC 2011 World Cup, which was hosted by India.
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Over the past few years, the Reliance has invested in a variety of sports properties.
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Shetty is a veteran cricket administrator and enjoys a relatively clean image.
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RCB owner Vijay Mallya lavished praise on Raman.
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Reacting to the news of Sundar Raman's resignation as IPL COO, Justice Mukul Mudgal on Tuesday said the cricketer administrator should have take this decision earlier.
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Raman is widely regarded as one of the chief architects behind the rise of the IPL.
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Shashank Manohar had earlier criticized the board's decision retain Raman post the 2013 IPL spot-fixing scandal.
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CSK and RR's replacements for the next two years will be revealed in December.
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A report suggests the beverage giant's notice to the Indian board was in fact very stern.
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The beverage giant wants to withdraw deal due the ongoing spot-fixing case surrounding the league.
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A lot of serious challenges await newly elected BCCI president Shashank Manohar in his second innings as the Indian board's boss.
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