Thank you for reading this post, don’t forget to subscribe!
The Supreme Court held that IBC forums cannot adjudicate substantive intellectual property disputes where resolution plans acknowledge rival claims. In Gloster Limited v. Gloster Cables Limited, the Court clarified Section 60(5) IBC limits on NCLT jurisdiction in insolvency proceedings.
NEW DELHI : The Supreme Court of India disposed appeals with the clear finding that IBC forums cannot be used to settle substantive intellectual property disputes, particularly where resolution plans themselves acknowledge unresolved rival claims.
The bench of Justice J B Pardiwala and Justice K.V. Viswanathan ,in Gloster Limited v. Gloster Cables Limited &…