The BFI had floated a tender for the commercial and organising rights for the pro-style league in 2017. It will run for a period of three weeks and will tentatively start in the end of July.
"We are trying to organise it after the elections are over. In July-August," said Atul Pande, Managing Director of Sportzlive, a Delhi-based sports management company that owns the rights of this league and the already-launched Premier Badminton League.
The tournament will see prolific Indian pugilists, including newly-crowned Asian Champion Amit Panghal, Shiva Thapa and veteran L Sarita Devi fight alongside foreign boxers.
"A lot of Indian players have already signed up for the league. We are also in process of signing up international boxers to have mixed men and women international team," Pande said.
A caravan format, in which all teams move from one city to another during the course of the tournament, will be followed.
"The tournament will run for three weeks and the team owners, title sponsors and everything will be finalised later. It will follow a caravan format, similar to other leagues in the India," Pande said.
"We want the elections to get over because the interested franchises will make their final decision only after the results are announced," he added.
Star Sports has already been roped in as the official broadcaster of the event.
"It will be showcased on Star. The idea is to become the number one sporting event. Our target is to reach 10 crore viewers in the first year in television and 20 crore in digital," Pande said.
Additionally, Amit Panghal (52kg) won his third gold of the year while Shiva Thapa finished on top in the 60kg category.
Fresh from winning her eighth medal in the Asian Championships, Sarita Devi (60kg) added the India Open gold to her illustrious resume while Neeraj carried on her giant-killing form to stun Asian Championships bronze medallist Manisha Moun in the 57kg category.
Mary Kom brought all her experience to the fore to blow away the challenge of Vanlal Duati to script a facile 5-0 win. This was the London Olympic bronze medallist's second gold from the India Open, adding to the 48kg gold she won last year in New Delhi.
Panghal smartly evaded the taller Sachin Siwach's attacks in the first round to begin with a defensive approach. It was towards the end of the second round that the Asian Games gold medallist found his rhythm and started choosing the right moments to land his blows over the former world youth champion. Panghal dominated the third round for the yellow metal to add to the gold medals he won at the Strandja Cup and Asian Championships earlier in the year.
"Sachin's very tall. I think he's the tallest boxer I faced till date. I fought with some tall boxers in the Asian Championships but Sachin is taller than them," said Panghal after his win.
"My strategy was to either get close to him or stay away from his range. By staying away, it also helped me assess his technique and then get close to attack from close range," he added.
Much to the delight of the crowd, Shiva Thapa grabbed the 60kg gold in a revenge bout against 2018 champion Manish Kaushik a year after losing to him in the semifinal. The Guwahati boy, who won a bronze at the continental event this year, was fierce and aggressive and did not put a foot wrong in the 5-0 demolition.
Sarita Devi endured a tough fight from Simranjit Kaur before edging the World Championships bronze medallist for a 3-2 win. This was the former world champion's first gold in any competition in three years following her victory at the South Asian Games in 2016. The veteran pugilist dedicated the prized medal to her mother whom she lost to cancer last year.
A day after knocking out World Championships silver medallist Sonia, Neeraj continued her sublime form to notch up a commanding 5-0 victory over Manisha, who had changed category from 54kg to 57kg.
Asian Championships bronze medallist Ashish showed his prowess in 69kg to soar to a 4-1 win over compatriot Duryodhan Singh Negi.
Local girl Jamuna Boro delivered a flurry of punches that earned her a perfect 5-0 win over Y. Sandhyarani. World Championships bronze medallist Lovlina Borgohain did not enjoy the same fortune despite vociferous cheers from the crowd. The 69kg boxer missed out on the gold in a tight contest which she lost 2-3 against Italy's Assunta Canfora.
There was no stopping Deepak in the 49kg category. Oozing confidence with every punch, the Asian Championships silver medallist knocked out Govind Kumar Sahani 5-0.
Kavinder Singh Bisht had to settle for the silver after going down fighting 2-3 against 2015 Asian champion Chatchai Decha Butdee of Thailand. This was Bisht's second consecutive silver this year after the Asian Championships last month.
In 64kg, Rohit Tokas suffered a knee twist in the first round and was forced to forfeit his bout to 2010 Commonwealth Games bronze medallist Colin Louis Richarno of Mauritius. Tokas, who won the bronze in India Open last year, had to be content with the silver.
Ashish Kumar's hopes of winning the 75kg gold were dashed as he had to give a walkover to Philippines' Eumir Felix Delos Santos due to a cut that he sustained on his forehead in the semifinal.
Final results:
Men's:
49kg: Deepak (IND) bt Govind Kumar Sahani (IND) 5-0
52kg: Amit Panghal (IND) bt Sachin Siwach (IND) 4-1
56kg: Chatchai Decha Butdee (THA) bt Kavinder Singh Bisht (IND) 3-2
60kg: Shiva Thapa (IND) bt Manish Kaushik (IND) 5-0
64kg: Colin Louis Richarno (MRI) bt Rohit Tokas (IND) (Tokas forfeited bout due to injury)
69kg: Ashish (IND) bt Duryodhan Singh Negi (IND) 4-1
75kg: Eumir Felix Delos Santos (PHI) bt Ashish Kumar (IND) (walkover)
Women's:
48kg: Josie Gabuco (PHL) bt Monika (IND) 3-2
51kg: Mary Kom (IND) bt Vanlal Duati (IND) 5-0
54kg: Jamuna Boro (IND) bt Y. Sandhyarani (IND) 5-0
57kg: Neeraj (IND) bt Manisha (IND) 5-0
60kg: Sarita Devi (IND) bt Simranjit Kaur (IND) 3-2
69kg: Assunta Canfora (ITA) bt Lovlina Borgohain (IND) 3-2
Four-time Asian medallist Thapa marked his debut in the 63-kg category and was slated to take on Kazakhstan's Zakir Safiullin in the summit clash. However, his opponent had to pull out due to an injury.
Meanwhile, woman boxer Parveen (60-kg) had to be content with a silver after losing her final bout to Rimma Volosenko of Kazakhstan.
Services won nine medals, including six gold, two silver and a bronze, to top the table with 62 points while Railways and Haryana finished second and third with 37 and 30 points, respectively.
In one of the highly-anticipated bouts of the day, Railways' Sachin Siwach took on Mohammad Hussamuddin of Services in the 57kg final. The fierce bout started with the latter conceding more punches as Sachin taking advantage of his height.
However, the next two rounds saw Hussamuddin make a strong comeback as he dodged a lot of punches and adopted an attacking strategy mixed with counter-attacking punches to fetch a 3-2 split verdict in his favour.
In the 63kg final, Assam's Shiva Thapa grabbed the gold after defeating Services' Akash 4-1. Shiva started slowly and took some time to gauge his opponent's strategy, but once he settled in, he dominated the proceedings and controlled the bout.
Services' P.L. Prasad (52kg), who had an easy run till the final, faced tough challenge from Ashish Insha of Railways. The two boxers exchanged a lot of blows and displayed their attacking prowess but Prasad showed his composure and experience in the last round to win 3-2 and defend his national title.
In 69kg, Services' Naveen Boora ended Gujarat's Jayesh Desai's winning run with some brutal and heavy punches which forced the referee to stop the contest in the first round itself.
In the 75kg and 91kg finals, Railways boxers Rohit Tokas and Naman Tanwar had to withdraw due to minor injuries which led to Haryana's Ankit khatana and Sumit Sangwan bagging the gold in the respective categories.
The 52kg final saw young Services boxer Vinod Tanwar complete his dream run with a gold medal as he defeated Maharashtra's Ajay Pendor 4-1.
A total of 308 boxers from 39 teams participated in the tournament which saw a lot of young and promising boxers show their skills for seven days.
In the semi-finals, Thapa defeated Japan's Daisuke Narimatsu in a split verdict.
Rani beat Brazil's Beatriz Soares in an unanimous decision. Rani had won a silver medal at the Asian Championships earlier this year.
However, former junior world champion Nikhat Zareen (51kg) and Vahlimpuia (75kg), in the men's draw, lost their respective semi-final bouts to end with bronze medals.
Both of them had reached the last-four stage without any preliminary tie because of the small size of their respective draws.
Zareen lost in a split decision to Japan's Sana Kawano, while Vahlimpuia was also beaten by Yuito Moriwaki but in an unanimous call by the judges.
Four-time Asian medallist Thapa outpunched Kazakhstan's national champion and Asian bronze-winner Sanatali Toltayev 5-0 to claim the top honours. Thapa is also the reigning national champion and a former bronze-medallist at the world championships.
Former Asian Games bronze-medallist Rani edged past Australia's Caitlin Parker to ensure that the Indian women's contingent also had a gold in its kitty. Rani had claimed a silver medal at the Asian Championships earlier this year.
Ashish (69kg), however, lost to Japan's Sewon Okazawa to sign off with a silver medal.
Earlier, former junior world champion Nikhat Zareen (51kg), Simranjeet Kaur (60kg) along with Asian silver-medallist Sumit Sangwan (91kg) and Vahlimpuia (75kg), in the men's draw, lost their respective semifinal bouts to end with bronze medals on Wednesday.