NCLAT, Proceedings under section 7 of IBC unjustified as debt and default not established: Case of Santoshi Finlease Private Limited vs SBI, NCLAT Delhi Judgement Dated 5th March 2025. Section 7 relates to application filed by financial creditor initiating corporate insolvency resolution process against a corporate debtor. The appellant tribunal held that in absence of both disbursements directly to Corporate Debtor and default, attempt to invoke proceedings under section 7 of IBC unsustainable. (NCLAT Delhi Judgement Dated 05/03/2025)