The case involves an application under Section 9 of the Insolvency & Bankruptcy Code, 2016, filed by M/S Seven Star Steels Limited (Operational Creditor) against M/S Brijbihari Metallics Private Limited (Corporate Debtor) for default in payment of an outstanding amount of Rs. 1,07,03,155/-. The Operational Creditor claimed to have supplied sponge iron and billets to the Corporate Debtor based on verbal orders and issued 17 invoices between 11.01.2020 and 27.02.2020. The Corporate Debtor argued that the debt was related to a consignment of raw material procured for different manufacturers and that Rajratan Smelters Ltd. had acknowledged the buyer-consignee relationship and responsibility for the debt. The Corporate Debtor also contended that the application was not

The case involves an application under Section 9 of the Insolvency & Bankruptcy Code, 2016, filed by M/S Seven Star Steels Limited (Operational Creditor) against M/S Brijbihari Metallics Private Limited (Corporate Debtor) for default in payment of an outstanding amount of Rs. 1,07,03,155/-. The Operational Creditor claimed to have supplied sponge iron and billets to the Corporate Debtor based on verbal orders and issued 17 invoices between 11.01.2020 and 27.02.2020. The Corporate Debtor argued that the debt was related to a consignment of raw material procured for different manufacturers and that Rajratan Smelters Ltd. had acknowledged the buyer-consignee relationship and responsibility for the debt. The Corporate Debtor also contended that the application was not