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Does the termination of East Bengal agreement absolve Quess of all financial liabilities?

The Quess-East Bengal saga looks to be drawing to a premature end with the Bengaluru-based business service provider looking to pull out of the I-League club by the end of May.

However, there is plenty of confusion with regards to the status of the club and other finer points including player contracts, financial liability and more.

The joint venture between Quess and East Bengal, enforced at the beginning of the 2018-19 season, had seen the former hold 70 per cent of the stakes while the latter was given 30 per cent of the new entity called Quess East Bengal.