Greater Noida Industrial Development ... vs Prabhjit Singh Soni

The Supreme Court upheld the decision of the National Company Law Appellate Tribunal, affirming the National Company Law Tribunal's dismissal of the appellant's applications under Section 60(5) of the Insolvency and Bankruptcy Code, 2016. The Court ruled that the Resolution Professional's classification of the appellant as an operational creditor was valid, as the appellant failed to submit its claim in the required format. The judgment clarified the distinction between financial and operational creditors under the IBC, reinforcing the procedural requirements for claims.