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NCLAT Dismisses Akshay Kumar's Insolvency Appeal Against Edtech Firm Cue Learn
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NCLAT Rejects Akshay Kumar's Insolvency Appeal Against Cue Learn
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Storyboard
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09-02-2026, 17:52
NCLAT Rejects Akshay Kumar's Insolvency Appeal Against Cue Learn
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NCLAT ruled that unpaid celebrity endorsement fees are not 'operational debt' under IBC.
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Akshay Kumar's appeal against ed-tech firm Cue Learn for unpaid fees was dismissed.
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The dispute arose from a 2021 endorsement agreement for Rs 8.10 crore, with Rs 4.05 crore unpaid.
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Cue Learn argued the second installment was contingent on services utilized for a second day.
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NCLAT upheld NCLT's decision, citing a pre-existing dispute and distinguishing 'claim' from 'debt'.
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