The appeal was preferred by Gloster Cables Limited against an order by the Adjudicating Authority (National Company Law Tribunal, Kolkata Bench) regarding the ownership of the trademark 'Gloster' during the Corporate Insolvency Resolution Process (CIRP) of Fort Gloster Industries Limited (Corporate Debtor). Crest Cables Private Limited, later renamed Gloster Cables Limited, entered into technical collaboration agreements and trademark agreements with the Corporate Debtor. Disputes arose regarding the validity of these agreements and the ownership of the trademark, particularly concerning a supplemental trademark agreement dated 15.07.2008. The Adjudicating Authority dismissed an application filed by the Appellant seeking clarification that the trademark should not be
…Crest Cables Private Limited, later renamed Gloster Cables Limited (Appellant), was incorporated in 1995. Fort Gloster Industries Limited (Corporate Debtor) was incorporated in 1890. A technical collaboration agreement was entered into between the Appellant and the Corporate Debtor on 02.05.1995, granting the Appellant the right to use the trademark. The Corporate Debtor was referred to BIFR in 2001, and BIFR directed the Corporate Debtor not to dispose of any fixed or current assets without consent. A subsequent technical collaboration agreement was entered into on 02.05.2003. The Appellant entered into a trademark agreement on 29.07.2004 with the Corporate Debtor. The Appellant granted a loan of Rs. 10 Crores to the Corporate Debtor on 10.11.2006. A supplemental
…Sign in to view the parties.
Crest Cables Private Limited, later renamed…
Fort Gloster Industries Limited (Corporate…
The appeal was preferred by Gloster Cables Limited against an order by the Adjudicating Authority (National Company Law Tribunal, Kolkata Bench) regarding the ownership of the trademark 'Gloster' during the Corporate Insolvency Resolution Process (CIRP) of Fort Gloster Industries Limited (Corporate Debtor). Crest Cables Private Limited, later renamed Gloster Cables Limited, entered into technical collaboration agreements and trademark agreements with the Corporate Debtor. Disputes arose regarding the validity of these agreements and the ownership of the trademark, particularly concerning a supplemental trademark agreement dated 15.07.2008. The Adjudicating Authority dismissed an application filed by the Appellant seeking clarification that the trademark should not be
…Crest Cables Private Limited, later renamed Gloster Cables Limited (Appellant), was incorporated in 1995. Fort Gloster Industries Limited (Corporate Debtor) was incorporated in 1890. A technical collaboration agreement was entered into between the Appellant and the Corporate Debtor on 02.05.1995, granting the Appellant the right to use the trademark. The Corporate Debtor was referred to BIFR in 2001, and BIFR directed the Corporate Debtor not to dispose of any fixed or current assets without consent. A subsequent technical collaboration agreement was entered into on 02.05.2003. The Appellant entered into a trademark agreement on 29.07.2004 with the Corporate Debtor. The Appellant granted a loan of Rs. 10 Crores to the Corporate Debtor on 10.11.2006. A supplemental
…Crest Cables Private Limited, later renamed…
Fort Gloster Industries Limited (Corporate…