Why celebrities can no longer use insolvency law to recover dues from brands
The issue came into focus after Bollywood actor Akshay Kumar Bhatia approached an insolvency court to recover dues from Cue Learn, an edtech company. The case raised important questions about whether the Insolvency and Bankruptcy Code (IBC) can be used as a debt-recovery tool in commercial endorsement disputes. mint explains the NCLAT ruling and its…