The decision was taken at the Board's Working Committee held at Hotel Taj Krishna in Hyderabad.
It has been learnt that, the Working Committee unanimously decided to initiate legal proceedings against West Indies Cricket Board due to the abrupt cancellation of this tour.
It also decided to suspend all bilateral tours between the two nations.
West Indies Cricket Board (WICB) decided to pull out of India tour in the midst of series due to the ongoing payment dispute with its players.
The players returned after the Dharamsala ODI. West Indies still had one ODI, one-off T20 and a three-match test left in the series when they pulled out.
This angered BCCI, who was shocked and extremely disappointed at the decision taken by the WICB.
At the same time, BCCI Secretary Sanjay Patel said, "The members appreciated the gesture of Sri Lankan Cricket Board (SLCB) for having accepted our request to play 5 ODIs starting from 2nd of November 2014, at such a short notice. This tour is in lieu of their scheduled tour to India next year which will be reciprocated by India touring Sri Lanka in months of July/August 2015."
He added, "The venues for the 5 ODIs will be Cuttack, Hyderabad, Ranchi, Kolkata and Ahmedabad and the detailed itinerary will be announced shortly."
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