Hi @Pushkal Mishra,
From your description you are using Microsoft 365 and Exchange Online.
On Outlook side you can check the message header and copy/paste the header into Microsoft online tool header analyzer to see the mail flow.
Example (you can see this message is sent from an on-premises Exchange server to EXO):
On Exchange side you can access Exchange Admin Center with an Exchange admin account and use message trace to see more information of the sender.
Example:
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