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