# In the matter of Dirgh Diamond Private Limited

> NCLT judgment dated 2025-12-02. Citation: TCN-2025-NCLT-01811. This is an application filed by Hemant Kumar Chandubhai Mangroliya, the Operational Creditor,…

- **Court:** NCLT
- **Order date:** 2 Dec 2025
- **Citation:** TCN-2025-NCLT-01811
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-mumbai/dirgh-diamond-private-limited-b9b20e16

## Summary

### Background

This is an application filed by Hemant Kumar Chandubhai Mangroliya, the Operational Creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, for initiating Corporate Insolvency Resolution Process (CIRP) against Dirgh Diamond Private Limited, the Corporate Debtor.

## Facts

The application was filed on 21.01.2025 by Hemant Kumar Chandubhai Mangroliya, the Operational Creditor.

The Corporate Debtor is Dirgh Diamond Private Limited, incorporated on 29.05.2013.

The total amount claimed to be in default by the Applicant is Rs. 5,08,63,617/- along with applicable interest of 18%.

The date of default is mentioned as 31.08.2024.

The Corporate Debtor claimed that the Applicant supplied cut & polished diamonds of inferior quality from August 2024.

The Applicant sent a Demand Notice dated 12.10.2024 as per Section 8 of the Code.

The Applicant has relied on the judgment of Hon'ble Supreme Court in Mobilox Innovations (P) Ltd. v, Kirusa Software (P) Ltd., (2018) 1 SCC 353.

The Tribunal appointed Mr. Sachin Rajendra Singhvi as an IRP.

## Issues and analysis

### Issue 1: Whether there is a pre-existing …

**Ratio:** The Corporate Debtor has not produced any document to prove the existence of a

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**Reasoning:** The Tribunal found that the Corporate Debtor's contentions regarding the quality of goods

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**Interpretation:** The Tribunal relied on the judgment of the Hon'ble Supreme Court in Mobilox

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**Application:** The Tribunal held that the Corporate Debtor's contentions were not valid and

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## Parties

- **Judges:** SAMEER…; NILESH S…
- **Appellants:** Hemant Kumar…
- **Respondents:** Dirgh Diamond…
- **Other parties:** Alpesh Keshavbhai…; Nikita Govindprasa…; +5 more
- **Advocates:** Amit Sa…; Pradeep P…; +2 more

## Timeline

- **2025-01-21 — Application…**: Application bearing C.P. (IB) No.393/MB/2025 filed by Mr. Hemant Kumar Chandubhai…
- **2024-08-31 — Date of D…**: The date of default is…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 9 — Application for initiation of corporate insolvency…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-9)

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