Can NCLT decide trademark ownership of company under CIRP? Supreme Court answers
The Supreme Court recently held that the National Company Law Tribunal (NCLT) cannot adjudicate or declare title over a trademark merely because the issue arises during a corporate insolvency resolution process (CIRP), unless the dispute has a direct and intrinsic nexus with insolvency. [Gloster Limited v. Gloster Cables] A Bench of Justice JB Pardiwala and…