Can you still use IBC to recover fees? What Akshay Kumar verdict means for freelancers

A landmark National Company Law Appellate Tribunal ruling in the dispute between Akshay Kumar and Cue Learn clarifies that insolvency proceedings under the Insolvency and Bankruptcy Code cannot be used to recover dues where a pre-existing contractual dispute exists, weakening a key recovery tool for freelancers, MSMEs and small vendors.