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Supreme Court restores CIRP against corporate debtor despite pending scheme under Companies Act — “IBC prevails; defunct scheme cannot stall insolvency” — NCLAT order set aside

Court’s decision The Supreme Court allowed the appeal filed by Omkara Assets Reconstruction Private Limited and restored the Corporate Insolvency Resolution Process (CIRP) initiated under Section 7 of the Insolvency…

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Rawlaw February 26, 2026

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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…

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Rawlaw January 26, 2026

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