Case of Elegna Coop Housing Society vs Edelweiss ARC Limited, SC Judgement Dated 15th January 2026. The apex court held that a society or Resident Welfare Association, not being a creditor in its own right and not recognised as an authorised representative of allottees under the IBC, has no locus standi to intervene in proceedings arising out of a petition under section 7 of IBC.