The dispute arose out of a tripartite endorsement agreement dated March 8, 2021, under which Kumar agreed to provide endorsement services to Cue Learn for a consideration of ₹8.10 crore plus taxes. The agreement contemplated that the actor would make himself available for up to two days during the contract term of two years.
Cue Learn paid ₹4.05 crore as the first instalment. While Kumar’s services were utilised for one day, the company did not pay the balance ₹4.05 crore. Claiming that the second instalment had become due by April 15, 2022, Kumar issued a statutory demand notice under Section 8 of the IBC and subsequently filed a Section 9 petition before the NCLT.
Cue Learn opposed the petition, contending that payment of the…