The application IA-2724/2022 was filed seeking directions to remove Greater Noida Industrial Development Authority from the position of Financial Creditor on the CoC to that of Operational Creditor.
The application was filed by the Petitioners seeking directions to the RP to remove Greater Noida Industrial Development Authority from the position of Financial Creditor on the CoC to that of Operational Creditor.
The Hon'ble Supreme Court has already held that Greater Noida Industrial Development Authority is an Operational Creditor and not a Financial Creditor.
The application was found to be pre-mature and infructuous.
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The application IA-2724/2022 was filed seeking directions to remove Greater Noida Industrial Development Authority from the position of Financial Creditor on the CoC to that of Operational Creditor.
The application was filed by the Petitioners seeking directions to the RP to remove Greater Noida Industrial Development Authority from the position of Financial Creditor on the CoC to that of Operational Creditor.
The Hon'ble Supreme Court has already held that Greater Noida Industrial Development Authority is an Operational Creditor and not a Financial Creditor.
The application was found to be pre-mature and infructuous.
Order delivered on…
Sign in to view related legal provisions.