High Court of Gujarat
M/S RAMNIKLAL VRAJLAL AND CO.versusSTATE OF GUJARAT
- Decided
- Disposal
- 27-WITHDRAWN @ ADM.STAGE
- Bench
- NIRZAR S DESAI
Holding
The petition is withdrawn and disposed of as withdrawn.
Summary
M/s Ramniklal Vrajlal & Co. filed a special civil application seeking a reduction of the interest rate payable to a bank from 16% to 10% and a waiver of legal fees. The bank (Respondent No.2) agreed to reduce the interest rate to 10% and to forgo the legal expenses. The proprietor of the petitioner firm undertook to clear the outstanding dues by 31 January 2027. On the basis of this settlement, the petitioner’s counsel applied for permission to withdraw the petition. The Court granted the withdrawal, disposed of the petition as withdrawn, and discharged the notice without any order as to costs.
Issues considered
- Whether the interest rate payable by the petitioner can be reduced from 16% to 10%
- Whether the bank can waive the legal fees charged to the petitioner
- Whether the petition can be withdrawn after the parties reach a settlement
Subjects
- interest rate
- legal fees
- petition withdrawal
- civil procedure
- banking
Judgment
C/SCA/1212/2024 ORDER DATED: 04/08/2026
IN THE HIGH COURT OF GUJARAT AT AHMEDABAD
R/SPECIAL CIVIL APPLICATION NO.1212 of 2024
=========================================
M/S RAMNIKLAL VRAJLAL AND CO. & ORS.
Versus
STATE OF GUJARAT & ORS.
=========================================
Appearance :
MR HARSHIL C DATTANI for the Petitioners.
MR HENIL SHAH, AGP for the Respondent No.1.
MR DIPAN DESAI for the Respondent No.2.
=========================================
CORAM:HONOURABLE MR. JUSTICE NIRZAR S. DESAI
Date : 04/08/2026
ORDER
Today, one Mr. Ramniklal Hareshbhai Bagadia,
Proprietor of the Petitioner Firm is present in the Court and he is
identi6ed by learned advocate Mr. Harshil C. Dattani. He states
that the rate of interest that is required to be payable by the
petitioner to the Bank may be reduced from 16% to 10% and the
respondent No.2 Bank may be directed to waive the legal fees
which has been charged upon them.
2. Learned advocate Mr. Dipan Desai appearing with Ms.
Jeni Thakore for the respondent No.2 Bank, under instructions,
states that the simple interest rate payable by the petitioner would
be reduced from 16% to 10% and legal expenses would not be
charged by the Bank from the present petitioner.
3. In view of the above statement, the Proprietor of the
petitioner Firm who is present in the Court undertakes and makes
a statement before this Court that pursuant to the demand notice
Page 1 of 2
C/SCA/1212/2024 ORDER DATED: 04/08/2026
issued by the respondent No.2 Bank, the petitioner shall clear the
outstanding dues latest by 31.1.2027.
4. In view of the above, upon instructions received from
the Proprietor of the 6rm, learned advocate Mr. Harshil Dattani
seeks permission to withdraw this petition in view of the above
statement made by learned advocate Mr. Dipan Desai. Permission
as prayed for is granted. The petition stands disposed of as
withdrawn. Notice is discharged. No order as to costs.
(NIRZAR S. DESAI,J)
SAVARIYA
Original copy of this order has been signed by the Hon'ble Judge.
Digitally signed by: RAJNISH NARENDRA SAVARIYA(HC00179), PRINCIPAL PRIVATE SECRETARY, at High Court of Gujarat on 04/08/2026 17:45:25
Page 2 of 2
Checking your session…
Lawyer court records for this case
Associated through the court’s case reference.