The case involves an appeal against the order dated 16th November 2021 passed by the Adjudicating Authority / National Company Law Tribunal, Hyderabad Bench-I, Hyderabad in CP (IB) No. 525/9/HDB/2019, which admitted an application filed by Binjusaria Ispat Pvt. Ltd. (Respondent No.1) against Abhirama Steels Ltd. (Corporate Debtor). The Appellant, Mr. Palaparty Abhishek, representing Abhirama Steels Ltd., argued that the Adjudicating Authority's order was erroneous. The dispute arose from an alleged default on an oral purchase order for mild steel billets, with the Appellant claiming the goods supplied were of inferior quality and the claims were time-barred. The Respondent contended that the debt arose from a Memorandum of Understanding (MoU) dated 13.02.2016, and the

The case involves an appeal against the order dated 16th November 2021 passed by the Adjudicating Authority / National Company Law Tribunal, Hyderabad Bench-I, Hyderabad in CP (IB) No. 525/9/HDB/2019, which admitted an application filed by Binjusaria Ispat Pvt. Ltd. (Respondent No.1) against Abhirama Steels Ltd. (Corporate Debtor). The Appellant, Mr. Palaparty Abhishek, representing Abhirama Steels Ltd., argued that the Adjudicating Authority's order was erroneous. The dispute arose from an alleged default on an oral purchase order for mild steel billets, with the Appellant claiming the goods supplied were of inferior quality and the claims were time-barred. The Respondent contended that the debt arose from a Memorandum of Understanding (MoU) dated 13.02.2016, and the