India's top players are set to play in next week's Champions Trophy tournament after settling a contracts dispute.
The squad, currently on tour in England, had threatened to boycott the event because they were unhappy with clauses covering image rights and personal endorsements.
But a breakthrough was achieved after talks between the players and International Cricket Council chief executive Malcolm Speed
Niranjan Shah, secretary of the Board of Control for Cricket in India, said: "As per our knowledge, the players and the ICC have reached agreement."
A day after the Indian cricketers and the ICC resolved the contractual disputes that threatened to disrupt the Champions Trophy, beginning in Sri Lanka next Thursday, and next year's World Cup, the players formed a representative body to protect their interests.
The new body is in the process of being registered.
Three former players, Mansur Ali Khan Pataudi, Ravi Shastri and Arun Lal, will be the office-bearers of the organisation, whose formation was announced on Friday, and will deal with the BCCI on behalf of the players.
The ICC contract row seems to be stretching a bit too far with the so-called second-string players feeling the brunt of it the most as they are faced with an uncertain situation.
Left-arm spinner Murali Kartik, who is among the 25 probables picked by the Cricket Board for the Champions Trophy in Sri Lanka next week, echoed the general sentiment saying on Friday "everything is so uncertain, we do not know how to go about it".
"There has been no official intimation to any 25 of us as to what the actual position is and what the composition of the playing eleven would be," Kartik, who was here to inaugurate the Delhi leg of the National Bowling Championships, said.
"I do not even know if I am in any of the teams - the original or the second-string. I was just given the Players' Terms form to sign and that's it," he said
Former Indian captain Kapil Dev on Friday termed ICC's reported attempts to force players to sign the controversial contract for next week's Champion's Trophy as "sheer dictatorship".
"Forcing a player to sign the controversial ICC contract under threat of dropping him from the game is not an agreement but sheer dictatorship," he told reporters on the sidelines of the launch of Kinetic Engineering's new four-stroke motorcycle 'Boss' in the city.
Questioning as to how the Indian Cricket Board could sign the contract with ICC without consulting players, Kapil said "telling players that sign it or you can't play is not proper and tantamounts to dictatorship. It is an injustice to players", he said.