NCLT Kolkata dismissed SREI Equipment Finance's Section 7 insolvency petition against Kejriwal Mining Private Limited.
Financial Creditor failed to prove disbursement of Rs 37 crore loan and establish default exceeding Rs 1 crore threshold.
Tribunal found only Rs 6.42 crore disbursement evidence, which was fully repaid on same dates, invalidating Rs 35.70 crore claim.
Court ruled documents alone insufficient without money disbursement proof for financial debt under IBC Section 5(8).