Supreme Court upheld NCLAT order, dismissing Dhanlaxmi Bank’s appeal against the winding‑up petition of Emerald Mineral Exim Ltd.
Court held the Rs1.50 crore loan was disbursed directly to the builder, so the bank is not a “financial creditor” under IBC Section 7.
The dispute is primarily contractual concerning property transfer and is to be resolved by the Debt Recovery Tribunal, not CIRP.
Appeal dismissed with no costs; judgment dated 7 May 2026.