INSIGHTS

Introduction : In a corporate insolvency resolution process (CIRP) of Gloster Industries Limited (Gloster Limited v. Gloster Cables Limited & Ors), the Supreme Court on January 22, 2026 quashed the finding of the National Company Law Tribunal (NCLT) that the trademark GLOSTER belonged to the corporate debtor. The Court clarified that the residuary jurisdiction of the NCLT under Section 60(5) of IBC is not intended to conclusively resolve a dispute between two or more rival pr