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    <title>2021 (8) TMI 165 - NATIONAL COMPANY LAW APPELLATE TRIBUNAL , PRINCIPAL BENCH , NEW DELHI</title>
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    <description>The Tribunal concluded that the Respondent Societies are not considered &quot;Corporate Persons&quot; under the Insolvency and Bankruptcy Code, and therefore, the provisions of the Code do not apply to them. As a result, the appeals were dismissed, and the petitions were deemed not maintainable under the Insolvency and Bankruptcy Code. Company Appeal (AT) (Insolvency) No. 495 of 2019 and Company Appeal (AT) (Insolvency) No. 496 of 2019 were both dismissed with no order as to costs.</description>
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      <description>The Tribunal concluded that the Respondent Societies are not considered &quot;Corporate Persons&quot; under the Insolvency and Bankruptcy Code, and therefore, the provisions of the Code do not apply to them. As a result, the appeals were dismissed, and the petitions were deemed not maintainable under the Insolvency and Bankruptcy Code. Company Appeal (AT) (Insolvency) No. 495 of 2019 and Company Appeal (AT) (Insolvency) No. 496 of 2019 were both dismissed with no order as to costs.</description>
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