Does a Stock Broking Company fall within the scope of IBC? NCLAT to decide

NCLAT has issued notice in an appeal that asserts that a Stock Broking Company does not qualify as a "Corporate Person" and is thus outside the purview of IBC.
Does a Stock Broking Company fall within the scope of IBC? NCLAT to decide
NCLAT

The National Company Law Appellate Tribunal (NCLAT) has issued notice in an appeal that asserts that a Stock Broking Company does not qualify as a "Corporate Person" in terms of Section 3(7) of the Insolvency & Bankruptcy Code and is thus outside its purview.

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