NCLT Rejects Shikhar Dhawan’s Insolvency Plea Over Unpaid Legends League Fee
The application was filed by cricketer Shikhar Dhawan under Section 9 of the Insolvency and Bankruptcy Code, 2016 seeking initiation of Corporate Insolvency Resolution Process against Absolute Legends Sports Private Limited, the operator of the Legends League Cricket. The claim arose from alleged non-payment of the player fee payable under a Player Agreement dated 10.09.2024 executed for Dhawan’s participation in the third season of the league held between September and October 2024. The Operational Creditor claimed that an amount of Rs. 1,24,50,459 remained unpaid, comprising a principal sum of Rs. 1,13,62,500 and interest calculated at 19.15% per annum.
The…