The Volleyball Federation of India (VFI) received another set back on Tuesday as the Madras High Court extended the status quo ahead of the second edition of the Pro Volleyball League (PVL).
The Madras High court had ordered a status quo on December 4. The order was passed after as the court acted upon the injunction application by Baseline Ventures. The court had asked both the parties i.e the VFI and Baseline Ventures to come to a solution within two weeks.
It has now been reported that the court has now extended the status quo till January 3.
It is to be noted that in November this year VFI had terminated the 10-year-agreement with Baseline Ventures, who are co-owners of the PVL. VFI said that they had terminated the agreement due to breech of agreement by Baseline Ventures. The VFI had also announced that they were planning to organize their own volleyball league.
Following the announcement by the VFI Joy Bhattacharya, CEO of Baseline Ventures denied the accusations made by VFI Secretary-General Ramavtar Singh Jhakar, who said that Baseline was meddling with the accounts and had threatened legal action against the sports body.
Talking to the IANS Joy Bhattacharya said that VFI cannot terminate the contract like this. He said that first, the VFI will have to tell Baseline Ventures what is their mistake and then they will have to give them 10 days time to respond back. If Baseline fails to respond within the 10 days only then VFI can terminate the contract, or else it is illegal.
Talking further about the notice by VFI Joy Bhattacharya said that a termination notice was received from VFI which had no substantial reason for termination of contract. He further added that the VFI did not even bother to send a single mail or query regarding what they consider as breach of agreement. He concluded that VFI just claimed that Baseline Ventures were manipulating the accounts and therefore they are terminating the contract and this is injustice with Baseline Ventures.