Under this proposed law, he might be. Read the top part again about the law being applicable on the grounds of religion, race, caste, sex, gender etc. That might seem like a deterrent, but there is a change it might be twisted to suit the case. People might say that since Bhat was imitating Lata Mangeshkar, a woman, he is insulting womankind. Or since Mangeshkar is old, he’s making fun of old people which can be considered a ‘community’. The possibilities of how this can be applied is endless. Exactly like 66A.