M/s. Oyster Steel and Iron Private Limited, the operational creditor, filed an application under section 9 of the Insolvency and Bankruptcy Code, 2016, read with rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016. The application sought to initiate the Corporate Insolvency Resolution Process against M/s Brilliant Metals Private Limited, the corporate debtor, for an alleged unpaid operational debt. The operational creditor, engaged in the production of metals, chemicals, and related products, claimed to have supplied copper wire rods worth Rs. 10,58,62,877/- on credit to the corporate debtor between May 9, 2015, and June 30, 2015. The understanding was that payments would be made within 120 days of the earliest sales, with an 18%

M/s. Oyster Steel and Iron Private Limited, the operational creditor, filed an application under section 9 of the Insolvency and Bankruptcy Code, 2016, read with rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016. The application sought to initiate the Corporate Insolvency Resolution Process against M/s Brilliant Metals Private Limited, the corporate debtor, for an alleged unpaid operational debt. The operational creditor, engaged in the production of metals, chemicals, and related products, claimed to have supplied copper wire rods worth Rs. 10,58,62,877/- on credit to the corporate debtor between May 9, 2015, and June 30, 2015. The understanding was that payments would be made within 120 days of the earliest sales, with an 18%