Gloster Limited v. Gloster Cables Limited & Ors.
Background
During an insolvency resolution, a rival company claimed it, not the insolvent company, actually owned the "Gloster" trademark. The NCLT ruled the mark belonged to the insolvent company (and thus the resolution acquirer); the NCLAT reversed.
Decision Breakdown
The Supreme Court held the NCLT overstepped its jurisdiction. It can only decide questions genuinely tied to the insolvency process, not stand-alone title disputes the approved resolution plan had left open. It set aside the NCLT's ownership finding but left the actual trademark question open for proper adjudication elsewhere.
Lesson Learnt
An insolvency tribunal resolves the company's insolvency; it isn't a general court for settling unrelated property or trademark battles that surface during the process.