Unity SFB Appeals NCLAT Claim Reclassification Order

Unity Small Finance Bank appeals NCLAT order directing it to reapproach the RP regarding its Rs 12.58 crore claim reclassification.
The bank challenges its reclassification from financial creditor to operational creditor in Syska Led Lights' CIRP.
NCLAT sets aside the Adjudicating Authority's order and revives the application for fresh consideration.
The tribunal directs the AA to decide the claim classification issue before any plan approval application.