Media reports had claimed the group may end their association with the side, Pailan Arrows.
A senior AIFF official was quoted as saying that the football team is yet to play around 70 lakh sponsors' payment. Pailan Group shot back and said that the AIFF also owed them Rs 44 lakh.
"It is true that Pailan Group has to settle the due of 70-lakh odd rupees with the AIFF. But it is also true that the AIFF has a long overdue of INR 44 lakh to help run the FIFA-AIFF Pailan Football Academy. We never said we would not settle the dues but we're also expecting a payment of INR 44 lakh," the corporate group said in a release.