High Court of Gujarat
M/S R.V. TRADERS THROUGH ITS PROPRIETOR HARESHKUMAR VRUJLAL BAGADIAversusSTATE OF GUJARAT
- Decided
- Disposal
- 27-WITHDRAWN @ ADM.STAGE
- Bench
- NIRZAR S DESAI
Holding
The petition is disposed of as withdrawn.
Summary
The proprietor of M/s R.V. Traders appeared before the High Court of Gujarat and, through his counsel, requested that the interest rate payable to a bank be reduced from 16% to 10% and that legal fees be waived. The bank, represented by its counsel, agreed to the reduction of the interest rate and to not charge legal expenses. The proprietor then undertook to clear the outstanding dues by 31 January 2027 as per the bank's demand notice. On the basis of this agreement, the petitioner’s counsel sought permission to withdraw the special civil application. The Court granted the request, disposing of the petition as withdrawn without any order as to costs.
Issues considered
- Whether the petitioner may withdraw the special civil application in view of the settlement reached with the bank
Subjects
- withdrawal of petition
- interest rate reduction
- bank loan
- civil procedure
- settlement
Judgment
C/SCA/1468/2024 ORDER DATED: 04/08/2026
IN THE HIGH COURT OF GUJARAT AT AHMEDABAD
R/SPECIAL CIVIL APPLICATION NO.1468 of 2024
=========================================
M/S R.V. TRADERS THROUGH ITS PROPRIETOR HARESHKUMAR VRUJLAL
BAGADIA
Versus
STATE OF GUJARAT & ORS.
=========================================
Appearance :
MR HARSHIL C DATTANI for the Petitioners.
MR NIKUNJ KANARA, 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 Bagadiya,
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
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C/SCA/1468/2024 ORDER DATED: 04/08/2026
a statement before this Court that pursuant to the demand notice
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 17:45:45
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