Percept D'Mark and Ganguly settle dispute

Percept D'Mark, the event and celebrity management company, has withdrawn its breach-of-contract suit against Sourav Ganguly after the two parties settled out of court.

"We have withdrawn the suit as our rights have been given to us and there is nothing left to follow up," Satish Kishinchandani, counsel for Percept, said. "Whatever information we needed has been given to us and we are satisfied. Hence the decision to withdraw the suit."

Percept had filed the suit following reports that Ganguly had signed up with another player management agency. Ganguly's contract with Percept states that the first right of refusal at the time of renewal and the right to match any offer made to Ganguly were vested with Percept.