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In a landmark judgment in Canara Bank vs NG Subbaraya Setty, the Supreme Court of India held that the assignment of trademarks as security for outstanding loans is prohibited under existing laws. The ruling emphasizes that trademarks cannot be used as collateral in banking transactions, reinforcing statutory protectio…
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Supreme Court Affirms Legal Restrictions on Using Trademarks as Loan Security in Canara Bank Case In a landmark judgment in Canara Bank vs NG Subbaraya Setty, the Supreme Court of India held that the assignment of trademarks as security for outstanding loans is prohibited under existing laws. The ruling emphasizes t... Read the full IIPLA article: https://iipla.org/news/supreme-court-affirms-legal-restrictions-on-using-trademarks-as-loan-security-in-canara-bank-case