The cash-strapped Deccan Chargers are out from the Indian Premier League (IPL) tournament. The Supreme Court on Friday refused to stay termination of the Hyderabad team by the Indian cricket board from the cash-rich IPL and paved the way for filling its slot by fresh auction on October 25.The apex court declined to interfere with yesterday's Bombay High Court decision which had set aside the status quo order passed by an arbitrator on cessation of its membership in the league.A Bench headed by Chief Justice Altamas Kabir dismissed the plea of Deccan Chronicles Holdings Limited (DCHL), promoter of Deccan Chargers, to extend the time till October 25 for furnishing the bank guarantee of 100 crore rupees.The Bench accepted the submission of Board of Control for Cricket in India (BCCI) that the termination of contract between the Deccan Chargers and the Board has come to effect from October 12, the day the High Court had held that the arbitrator had no jurisdiction to grant status quo and declined to grant extension of time for furnishing the bankguarantee.