Pankaj Steel, an operational creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against BTI Tex Private Limited, the corporate debtor, for unpaid dues related to the supply of materials. The applicant claimed that the respondent company had approached them for the purpose of purchasing various goods such as di-casted pipe scrap, scrap iron, pig iron SIL, pipe scrap annealed (broken), pig iron pencil and chips etc. The applicant had supplied materials worth Rs. 1,03,05,799/- to the respondent company from 15.10.2015 to 06.04.2016 and the applicant had raised invoices against said sales and supply of goods which were duly accepted by the respondent company without raising any complaint. The corporate debtor admitted to making part

Pankaj Steel, an operational creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against BTI Tex Private Limited, the corporate debtor, for unpaid dues related to the supply of materials. The applicant claimed that the respondent company had approached them for the purpose of purchasing various goods such as di-casted pipe scrap, scrap iron, pig iron SIL, pipe scrap annealed (broken), pig iron pencil and chips etc. The applicant had supplied materials worth Rs. 1,03,05,799/- to the respondent company from 15.10.2015 to 06.04.2016 and the applicant had raised invoices against said sales and supply of goods which were duly accepted by the respondent company without raising any complaint. The corporate debtor admitted to making part