This document is the judgement from the National Company Law Appellate Tribunal concerning the case of Somesh Choudhary v Knight Riders Sports Private Limited & Ors. It addresses a dispute over 'operational debt' arising from a licensing agreement for the 'KKR' trademark. The judgement clarifies whether royalty payments for the use of intellectual property fall under the definition of operational debt, ultimately dismissing the appeal and upholding the Adjudicating Authority's order. This document is useful for legal professionals and businesses involved in intellectual property licensing and insolvency proceedings.
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