NCLT Dismisses Insolvency Petition U/s 9 of IBC by Akshay Kumar Against CueMath

Akshay Kumar Bhatia Vs Cue Learn Private Limited (NCLT Delhi) The case involves an application by Akshay Kumar Bhatia under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016, seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against Cue Learn Private Limited. The dispute arose from an endorsement agreement where Bhatia, as an actor, was engaged to provide promotional services for Cue Learn. While the first payment of ₹4.05 crores was made, the company failed to pay the second tranche of an equal amount by the agreed deadline. The applicant argued that this fail...