# In the matter of Dirgh Diamond Private Limited

> NCLT judgment dated 2025-12-02. Citation: TCN-2025-NCLT-01755. This is an application filed by Hemant Kumar Chandubhai Mangroliya, the Operational Creditor,…

- **Court:** NCLT
- **Order date:** 2 Dec 2025
- **Citation:** TCN-2025-NCLT-01755
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-mumbai/dirgh-diamond-private-limited-f64d996d

## 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 denied the contents made by the Applicant and claimed that the goods supplied were of inferior quality.

The Tribunal found that the Corporate Debtor's contentions were illusory and moonshine.

The Tribunal appointed Mr. Sachin Rajendra Singhvi as the Interim Resolution Professional (IRP).

## Issues and analysis

### Issue 1: Whether the application filed by the Operational Creditor is complete and meets the requirements of …

**Ratio:** Section 9 of the Insolvency

…

**Reasoning:** The Tribunal found that the Applicant had placed on record necessary evidences and

…

**Interpretation:** The application was deemed complete as all relevant documents were attached,

…

**Application:** The Tribunal admitted the

…

## Parties

- **Judges:** SAMEER…; NILESH S…
- **Appellants:** Hemant Kumar…
- **Respondents:** Dirgh Diamond…
- **Other parties:** Alpesh Bamb…; Nikita Govindprasa…; +4 more
- **Advocates:** Amit Sa…; Pradeep P…; +2 more

## Timeline

- **2025-01-21 — Application…**: Application bearing C.P. (IB)…
- **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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