M/s SVS Marketing Sanitaryware Private Limited, the applicant and operational creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC, 2016), seeking to initiate the Corporate Insolvency Resolution Process against M/s. Kajaria Bathware Private Limited, the respondent. The applicant claimed to be the sole distributor for the corporate debtor in an exclusive area, as per a distributorship agreement that was renewed periodically. The dispute arose when the supply of goods to dealers was discontinued, leading to an accumulation of unsold stock in the applicant's godown. The applicant claimed an operational debt of Rs. 7,33,64,097.88 as of February 28, 2023, which included unsold stock, stock interest, warehouse charges, bad debt, and

M/s SVS Marketing Sanitaryware Private Limited, the applicant and operational creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC, 2016), seeking to initiate the Corporate Insolvency Resolution Process against M/s. Kajaria Bathware Private Limited, the respondent. The applicant claimed to be the sole distributor for the corporate debtor in an exclusive area, as per a distributorship agreement that was renewed periodically. The dispute arose when the supply of goods to dealers was discontinued, leading to an accumulation of unsold stock in the applicant's godown. The applicant claimed an operational debt of Rs. 7,33,64,097.88 as of February 28, 2023, which included unsold stock, stock interest, warehouse charges, bad debt, and