Gokul_Subramaniam , we should be allowed to define where the component loop page will be stored. If my OneNote is in a SharePoint site / teams channel, I should be able to store the loop page at the same place (and not in my OneDrive) because of the following crucial reasons:
1) The Loop page permissions should, by default, use the same access permissions as the OneNote parent container (M365 Group / SharePoint Site/Library/Folder permissions) . If I need to share the Loop page to other users , then I will share.
2) If the user who inserted the Loop component leaves the organization and his OneDrive storage is deleted, it will not be accessible anymore in the SharePoint/Teams OneNote page.
#2 can be a major issue if people start to build a lot of content using loop components in OneNote. I hope I'm wrong... Can you provide some clarification?
Thanks!