
Quick Solution.
The issue was Shadow Copy Storage in my case.
Run the following command on command prompt.
VSSADMIN LIST SHADOWSTORAGE
Go to step 3 below for more information.
NTFS Missing Free Space- Windows
There could be various reasons which could account for Free disk space usage calculation discrepancy.
First
check to see if your files are all actually visible with the current user account and Explorer settings. Uncheck the “Hide protected operating system files” and select “Show hidden files and folders”. When this is completed, look at the disk size again.
Does this accounts for the missing space No, try Step 2.
Second
Run CHKDSK and save the output. The summary information at the end is what we want to see.
Based on above CHKDSK output we can account for metadata usage by adding up the following.
Still missing Space Yes, then Try step 3
Third)
Is Volume Shadow Copy enabled on ANY of the volumes?
Run the following command on command prompt.
VSSADMIN LIST SHADOWSTORAGE
For above output, you could see that C drive is blocking around 82 GB of disk space to store Shadow Copy on G drive.
This was the issues that I was facing.