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2020 (10) TMI 385 - Tri - Insolvency and BankruptcyConversion of claim - financial claim has been converted to an operational one - It is submitted that till the 6th COC, the RP had considered their claim as a financial one, but subsequently converted, it to an operational one - HELD THAT:- This Bench is of the opinion that the claim of the Greater Noida Authority can unequivocally be categorised as being an ''operational debt". We therefore do not find any infirmity in the decision of the Resolution Professional who has deemed it justified to amend and correct the claim of the Greater Noida Authority from one of "financial claim" to an "operational debt". Accordingly, the CoC which has been reconstituted upon amending the aforesaid claim, consisting of home buyers as financial creditors along with other Financial Creditors, if any, would be vested with the voting rights to the exclusion of Greater Noida Authority. As the pending objections have been dismissed, arguments on the Resolution Plan be addressed on the next date. To come up on 11th March, 2020.
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