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of <h1>Greater Noida Authority can't be a financial creditor, can object to plans as operational creditor.</h1> <h3>GREATER NOIDA INDUSTRIAL DEVELOPMENT AUTHORITY Versus ANAND SONBHADRA</h3> GREATER NOIDA INDUSTRIAL DEVELOPMENT AUTHORITY Versus ANAND SONBHADRA - TMI The Supreme Court dismissed the appeal by Greater Noida Industrial Development Authority (GNOIDA), holding that GNOIDA cannot be treated as a financial creditor. The Court allowed GNOIDA to raise objections to the Resolution Plan as an operational creditor or secured operational creditor under the Insolvency and Bankruptcy Code, 2016.
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