HYDERABAD: The National Company Law Tribunal (NCLT), in a first, has passed orders restraining others from using the brand name and trademarks of a corporate debtor — Servomax India — currently undergoing corporate insolvency resolution process (CIRP).
NCLT has stepped into the issue of brand protection and trademark enforcement responding to the plea of resolution professional (RP) seeking to restrain the suspended directors of the corporate debtor and others from using brand name and trademarks pending CIRP.
The intervention of the Tribunal to protect the intangible assets is evolving jurisprudence in the insolvency resolution ecosystem, said VK Sajith, counsel for the RP.
Servomax India is currently under CIRP following the orders o…
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