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of <h1>Celebrity appeals insolvency dismissal over disputed Rs 7.24 crore royalty claim, seeks Rs 1.64 crore plus GST</h1> A celebrity licensor has appealed to the NCLAT after the NCLT dismissed his insolvency petition against a corporate debtor/licensee over an asserted unpaid royalty claim of Rs 7.24 crore, holding most of the claim to be disputed and within the realm of recovery proceedings while recognizing an undisputed default of about Rs 1.64 crore plus GST. The dispute arises from a trademark licence and revised royalty arrangement, a demand notice sent by the licensor, and the licensee's contention that it made significant investments and that certain product launches required prior licensor approval. NCLAT listed the appeal for further hearing on September 15 after an adjournment.
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