01
Surat Special Economic Zone unit
Manufacturing unit
Plot No. 176-A, Surat Special Economic Zone, Sachin, Surat 394230, Gujarat
Tenure to be confirmed from the records of the corporate debtor
Map loads when it comes into view
Overview
Particulars of the corporate debtor, as stated in Form G dated 14-08-2026.
- Incorporated
- Private limited company established in 1992
- Business
- Cutting and polishing of rough diamonds, and import and export of rough and polished diamonds.
- Registered office
- GW-6140, 6th Floor, Tower G, Bharat Diamond Bourse, Bandra Kurla Complex, Bandra East, Mumbai 400051, Maharashtra
- Manufacturing unit
- Plot No. 176-A, Surat Special Economic Zone, Sachin, Surat 394230, Gujarat
- MSME registration
- UDYAM-MH-18-0024478, dated 09-11-2020
- CIRP commenced
- 10-06-2026, by order of the Hon'ble NCLT, Mumbai Bench VI
Installed capacity
25,000
carats per month
Approximate, at the Surat unit
Goods exported
Rs 6.60 crore
FY 2025-26
Services sold
Rs 5.14 crore
FY 2025-26
Job contract basis
Headcount
165
persons
Surat 161 workmen and 3 employees, Mumbai 1 employee
The company is currently operating on a job contract basis, which is why service income is comparable to the value of goods exported.
Process timeline
Statutory milestones and their status against the date this page was last built. Each milestone has its own link.
- 10-06-2026Completed
CIRP admission order passed
The Hon'ble NCLT, Mumbai Bench VI admitted the company into the Corporate Insolvency Resolution Process, declared a moratorium and appointed the interim resolution professional.
- 13-06-2026Completed
Public announcement in Form A published
The public announcement was published in eight newspapers, in English, Marathi and Gujarati, across the Mumbai, Ahmedabad and Surat editions. Claims were received in response, and the list of creditors was prepared and filed on the portal of the Insolvency and Bankruptcy Board of India.
- 10-07-2026Completed
First meeting of the committee of creditors
The committee of creditors confirmed the appointment of the resolution professional at its first meeting.
- 14-08-2026Completed
Form G issued
Invitation for expression of interest published under sub regulation (1) of regulation 36A, setting out the particulars of the corporate debtor and this timeline.
Under regulation 36A(1A), the resolution professional may, with the approval of the committee, invite expressions of interest for resolution plans for the corporate debtor as a whole, or for the sale of one or more of its assets, or for both. A prospective applicant is therefore not required to bid for the entire undertaking.
Last date for receipt of expression of interest
Expressions of interest are to be submitted to the process email address given under Contact.
Provisional list of prospective resolution applicants
The resolution professional issues the provisional list to every prospective resolution applicant who submitted an expression of interest.
Last date for objections to the provisional list
Objections to inclusion in or exclusion from the provisional list are to be submitted by this date.
Final list of prospective resolution applicants
The final list is issued after the objections received have been disposed of.
Information Memorandum, Evaluation Matrix and Request for Resolution Plans issued
Issued to every prospective resolution applicant on the final list, subject to the confidentiality undertaking under Section 29(2).
Last date for submission of resolution plans
Resolution plans are to be submitted in accordance with the Request for Resolution Plans.
Premises and locations
Four premises across Surat and Mumbai. Tenure is stated for each: a prospective resolution applicant should not assume that a listed address is an owned asset. Maps are embedded from Google and load as each location comes into view.
02
Katargam unit
Unit premises
Unit No. 303, Krishna Diamond Part B, Ganga Narottam Ni Wadi, FP No. 25/A/1, Vastadevi Road, Gotalawadi, Katargam, opposite Jariwala Compound, behind Gayatri Temple, Surat 395006
Tenure to be confirmed from the records of the corporate debtor
Map loads when it comes into view
03
Panchratna unit
Unit premises
Unit No. 347, Panchratna Building, Plot No. 21, Mama Parmanand Marg, Opera House, Mumbai 400004
Tenure to be confirmed from the records of the corporate debtor
Map loads when it comes into view
04
Bharat Diamond Bourse office
Registered office
GW-6140, 6th Floor, Tower G, Bharat Diamond Bourse, Bandra Kurla Complex, Bandra East, Mumbai 400051, Maharashtra
Held on lease. This is not an owned asset.
Map loads when it comes into view
Documents
Every document published in this process, newest first. Filter by category or by text. The filter is reflected in the address bar, so a filtered view can be sent to someone else.
Showing 14 of 14 documents.
17-08-2026 Information for resolution applicants
Teaser for prospective resolution applicants
Summary of the corporate debtor for prospective resolution applicants, covering its background, the commencement of the CIRP, the premises and assets, the current job work operations, the reasons stated for the downturn, the opportunities identified, and the summary of claims as on 31-07-2026.
14-08-2026 Invitation for expression of interest
Form G, Invitation for Expression of Interest
Invitation under sub regulation (1) of regulation 36A, with the relevant particulars of the corporate debtor and the process timeline.
14-08-2026 Invitation for expression of interest
Detailed Invitation for Expression of Interest for submission of Resolution Plan
Invitation to submit a resolution plan, stating the particulars of the corporate debtor, the eligibility criteria, the ineligibility norms under Section 29A, the timeline of events, and the formats at Annexures A to F.
14-08-2026 Invitation for expression of interest
Annexures to the Detailed Invitation for Expression of Interest, editable format
Annexures A to F of the Detailed Invitation dated 14-08-2026 in Microsoft Word format: the format for submitting an expression of interest, the supporting documents to be attached, Section 29A of the Code, the format of undertaking, the disclosure of connected parties and the format of confidentiality undertaking.
31-07-2026 Lists of creditors
List of creditors as on 31-07-2026
Revised list of creditors at Annexures 3, 4 and 8, covering secured financial creditors, unsecured financial creditors and operational creditors other than workmen, employees and government dues, with the summary of claims received, admitted, rejected and under verification.
10-06-2026 Orders
NCLT Mumbai Bench VI order admitting the company into CIRP
Certified copy of the admission order under Section 7, declaring the moratorium and appointing the interim resolution professional.
10-06-2026 Financial statements
Provisional financial statements for the period 01-04-2026 to 10-06-2026
Provisional stand alone balance sheet as at 10-06-2026, the date of commencement of the Corporate Insolvency Resolution Process, and statement of profit and loss for the period 01-04-2026 to 10-06-2026, with the notes to accounts and the groupings.
10-06-2026 Details of assets
Details of assets as on 10-06-2026
Schedule of fixed assets as on 10-06-2026, listing the assets held at Mumbai and at Surat item by item, with the gross block, the depreciation provided and the net block against each.
31-03-2026 Financial statements
Provisional financial statements for the year ended 31-03-2026
Provisional stand alone balance sheet as at 31-03-2026 and statement of profit and loss for the year then ended, with the notes to accounts, the groupings, and the ageing of trade payables and trade receivables.
15-10-2025 Income tax returns
Income tax return acknowledgement for assessment year 2025-26
Acknowledgement of the return of income in Form ITR-6 for assessment year 2025-26, filed under Section 139(1) on 15-10-2025, with the statement of income and the schedules to it.
26-09-2025 Financial statements
Audited financial statements for the year ended 31-03-2025
Audited stand alone balance sheet as at 31-03-2025, statement of profit and loss, cash flow statement, notes and groupings, with the report of Sonejee and Gandhi, Chartered Accountants, firm registration number 116585W, dated 26-09-2025.
02-10-2024 Income tax returns
Income tax return acknowledgement for assessment year 2024-25
Acknowledgement of the return of income in Form ITR-6 for assessment year 2024-25, filed under Section 139(1) on 02-10-2024, with the statement of income and the schedules to it.
27-09-2024 Financial statements
Audited financial statements for the year ended 31-03-2024
Audited stand alone balance sheet as at 31-03-2024, statement of profit and loss, cash flow statement, notes and groupings, with the report of Sonejee and Gandhi, Chartered Accountants, firm registration number 116585W, dated 27-09-2024.
05-10-2023 Income tax returns
Income tax return acknowledgement for assessment year 2023-24
Acknowledgement of the return of income in Form ITR-6 for assessment year 2023-24, filed under Section 139(1) on 05-10-2023, with the statement of income and the schedules to it.
Nothing has been published yet under: Public announcements. These categories remain listed so that stakeholders know they exist.
Contact
Resolution Professional
Mahesh Chand Gupta
- IBBI registration number
- IBBI/IPA-001/IP-P01489/2018-2019/12304
- Authorisation for assignment
- AA1/12304/02/300627/109025, valid up to 30-06-2027
Mobile: 9831046652
Process email address
This address is to be used for all communication relating to the Corporate Insolvency Resolution Process, including the submission of expressions of interest, requests for further details of the corporate debtor, and requests for the eligibility criteria under Section 25(2)(h) of the Insolvency and Bankruptcy Code, 2016.
Correspondence should quote CP (IB) No. 845/MB/2025. The link above fills that in for you.