Brand ambassadors Mahesh Bhupathi, Lara Dutta file insolvency petition against Gitanjali Gems

Indian star couple Mahesh Bhupathi and Lara Dutta have filed an insolvency petition against Gitanjali Gems Ltd, the National Company Law Tribunal (NCLT) reported on its website.

The couple endorses the jewellery brand and is on a two-year contract with the company. The couple is expected to make public appearances for the company. 

The case is in the Mumbai bench of the Tribunal and was reportedly filed to recover their contractual dues. 

As reported by a leading Indian daily quoting a source close to the matter, "Both the brand ambassadors have a two-year contract with the company for public appearances. During the tenure of the contract, there were some cancellations for which the company did not pay up their dues to the celebrity couple."

The report adds, “The insolvency petition by the tennis player and actress is for their contractual dues as an operational creditor."