[3] Kolkata Knight Riders were the winning team, beating defending champions Chennai Super Kings by five wickets in the final.
[10] The top four teams of the tournament (Kolkata Knight Riders, Chennai Super Kings, Delhi Daredevils and Mumbai Indians) represented India in the 2012 Champions League Twenty20.
The Fair Play Award was won by Rajasthan Royals, while Kings XI Punjab batsman Mandeep Singh was named the tournament's "Rising Star" and [11] Kolkata Knight Riders bowler Sunil Narine was Player of the Season.
The IPL Committee terminated the Kochi Tuskers Kerala franchise after it breached the BCCI's terms of conditions.
Under the terms of the agreement, each franchise has to submit a bank guarantee every year that covers the fee payable to the BCCI.
The ceremony included some performances by Amitabh Bachchan, Priyanka Chopra, Kareena Kapoor, Salman Khan, Prabhu Deva, Colonial Cousins, and Katy Perry.
[7] On 14 May 2012, an Indian news channel India TV aired a sting operation that accused five players involved in spot fixing.
Reacting to the news, Chief manager of Indian Premier League Rajiv Shukla immediately suspended all five:[10] Mohnish Mishra, Shalabh Srivastava, TP Sudhindra, Amit Yadav, and Abhinav Bali (none of whom had played international cricket).
[34] Mohnish Mishra who was part of Pune Warriors India team for the season, admitted to have said that franchises pay black money, in a sting operation.