@Rishi C Welcome to Microsoft Q&A, Thank you for posting your here!!
Make sure you have the Data Operator for Managed Disks RBAC role on the Managed disk which Provides permissions to upload data to empty managed disks, read, or export data of managed disks (not attached to running VMs) and snapshots using SAS URIs and Azure AD authentication.
Hope this helps!
Kindly let us know if the above helps or you need further assistance on this issue.
---------------------------------------------------------------------------------------------------------------------
Please do not forget to "Accept the answer” and “up-vote” wherever the information provided helps you, this can be beneficial to other community members.