Gloster Ltd vs Gloster Cables Ltd

The Supreme Court examined the jurisdiction of the Adjudicating Authority under the Insolvency and Bankruptcy Code to decide on the title of a trademark during the corporate insolvency resolution process. The case involved a dispute between Gloster Limited, the Successful Resolution Applicant, and Gloster Cables Limited regarding ownership of the trademark 'Gloster'. The NCLAT held that the Adjudicating Authority had jurisdiction to determine trademark ownership as part of the corporate debtor's assets. The Supreme Court upheld this view, confirming that intellectual property rights form part of the corporate debtor's estate and can be adjudicated during insolvency proceedings.