Sources tell NDTV that the Board of Control for Cricket in India (BCCI) has decided that Modi will have to step down as Commissioner and Chairman of the Indian Premier League (IPL). In a decision that will no doubt rub salt into Modi's wounds, it's his arch-rival and current BCCI chief, Shashank Manohar, who is likely to head the IPL, which functions as a sub-committee of the BCCI. (Forum: Can the IPL survive without Lalit Modi's vision?)

Meanwhile, the polemics exchanged by Tharoor and Modi have led to a government decision to body-scan the IPL in its entirety, with special focus on who exactly bankrolls the different teams, and how.

In Parliament, Finance Minister Pranab Mukherjee announced that the crores poured into the billion-dollar league are being investigated, one cricket team at a time.

"The concerned department has already started investigation process (into the IPL episode). All aspects including sources of funding and routes through which the funds arrived would be looked into. Appropriate action as per law would be taken. No guilty or wrong-doer will be spared," Mukherjee said on Monday, after the Opposition said the IPL was a mess of "gambling and betting." (Read: IPL a gambling ring, says Opposition)

While Modi's wounds are self-inflicted, the Congress will throw its entire weight behind ripping the bandage off. Sources say that the Congress is keen to highlight that Tharoor, who was made to quit as minister of state for internal affairs on Sunday night, was not the only one who could be faulted for impropriety. In Modi's case, the charges will be far stronger.