MUMBAI: In an award delivered by sole arbitrator, Justice K. Kannan (Retd.,) set up on the orders of the Madras High Court, on Baseline Ventures (India) Pvt Ltd’s claim against the termination of their agreement for the Pro Volleyball League by the Volleyball Federation of India in 2019, VFI have been ordered to pay Rs 40 million as compensation and Rs 500,000 in legal fees.
For the record, VFI terminated the commercial rights agreement that Baseline had for the PVL on 18th November 2019.