Claim for liquidated damages require adjudication before Civil Court: NCLT dismisses Actor Akshay Kumar’s Insolvency Petition

The NCLT dismissed the insolvency petition filed by actor Akshay Kumar, ruling that a claim for liquidated damages requires adjudication before a civil court. The case involved a dispute over an alleged breach of contract, where Kumar sought insolvency proceedings against a company. However, the tribunal determined that the issue of liquidated damages must first be adjudicated in a civil court, and dismissed the petition. This decision highlights the distinction between insolvency proceedings and claims for contractual breaches, ensuring that the appropriate legal forum is used for each matter.