I have a content type named "event" which has two node reference field "sponsor" and "band". I want to create a block view which list the event title and event timing based on current nodes band and sponsor.

http://img30.imageshack.us/img30/3494/ccf0062200900000.jpg

The above link has image which clearly explains the thing i need to do. The image shows the full node view of event type content in content region (where "tippery band" is sponser and "chitanya band" is band). On the right hand side i need to have two block. The first block need to events list filtered by band ("chitanya band") and the second block need to have events list filtered by sponsors ("tippery band").

Please let me know how this can be achieved using views and/or panels.