What made Raj Kundra take a legal action against official sponsors of Super Fight League?
Entrepreneur and newly turned author Raj Kundra is infuriated off late. The owner of Super Fight League, Kundra asserted that the sponsors of SFL 1, 2 and 3, poultry product brand, Venkys owe them Rs 7.5 crore that had been assured to them in the beginning.
As per Raj, the league approached S Balaji Rao (aka Bala), director of Venky’s in January 2012 with a proposal to finance three events, SFL 1, 2 and 3. Balaji allegedly sent his company CEO Girija Mungali to talk to both Dutt and Kundra at the former’s house.
Raj Kundra claimed that while initially Bala had promised Rs 5 crore in cash and the rest paid in cheques, the director now apparently denies ever signing an official agreement to sponsor Kundra’s event even though Dr Girija completed the official procedure on behalf of both parties, confirming Venky’s association with the league. The entrepreneur states that Bala even attended the third round of SFL 3 in Delhi.
Says a source, “After regular reminders, Kundra had no option but to send a legal notice.” The copy of the notice rests with MiD DAY. In due course, Bala retaliated, shooting off a legal notice from his end to the owners of the fight league.
“The future of 250 fighters depends on the money which we get from our sponsors and I am extremely hurt by Bala’s behaviour. He was a good friend but still cheated us and he owes us Rs 7.5 crore. Now by sending us a legal notice, he is trying for an easy exit.” Balaji Rao remained unavailable for comment.