NCLT Cannot Declare Title to Disputed Trademark Under Section 60(5) IBC Where Resolution Plan Recognizes Rival Claims: Supreme Court

The Supreme Court has held that the National Company Law Tribunal (NCLT) cannot assume jurisdiction under Section 60(5)(c) of the Insolvency and Bankruptcy Code (IBC) to declare the title of a disputed asset in favor of a Successful Resolution Applicant (SRA) when the Resolution Plan itself acknowledges the existence of rival claims. The Bench of…

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To use this website, cookies must be enabled in your browser. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a…