Supreme Court of India holds insolvency tribunals cannot decide trademark title disputes — Section 60 jurisdiction limited; ‘Gloster’ trademark not declared asset of corporate debtor, appeals partly allowed
Court’s decision The Supreme Court of India partly allowed cross-appeals arising from insolvency proceedings of a corporate debtor and held that insolvency adjudicating authorities under the Insolvency and Bankruptcy Code cannot, in the guise of Section 60 jurisdiction, conclusively decide rival claims of title over a registered trademark. Setting aside the declaration that the trademark…