Gujarat High Court Case Information System
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COMP/140/2008 1/ 2 ORDER
IN
THE HIGH COURT OF GUJARAT AT AHMEDABAD
COMPANY
PETITION No. 140 of 2008
=========================================================
GOUTAM
PHARMACEUTICALS - Petitioner(s)
Versus
GRAF
LABORATORIES PRIVATE LIMITED - Respondent(s)
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Appearance
:
MR
PAVAN S GODIAWALA for
Petitioner(s) : 1,
NOTICE SERVED BY DS for Respondent(s) : 1,
MR
BM MANGUKIYA for Respondent(s) :
1,
=========================================================
CORAM
:
HONOURABLE
MR.JUSTICE M.R. SHAH
Date
: 20/04/2010
ORAL
ORDER
Mr.B.M.
Mangukiya, learned
advocate appearing on behalf of the respondent has
made a statement at the bar that the respondent Company is making
payment of outstanding principal amount by monthly installment of
Rs.1 Lac right from the appearance of Mr.B.M. Mangukiya, learned
advocate for the respondent
in the present proceedings. He has also made a
statement at the bar that the respondent Company shall clear the
outstanding principal amount by monthly installment of Rs.1 Lac
till the principal amount is paid up.
So
far as the dispute with respect to the interest is concerned, it is
requested by the learned advocates appearing on behalf of he
respective parties that the same shall be resolved by the parties
through negotiation with the intervention of Mr.Mangukiya, learned
advocate appearing on behalf of the respondent.
The
respondent is hereby directed directed to act as stated
hereinabove.
The
respondent Company to pay balance outstanding principal amount by
monthly installment of Rs.1 Lac as paid earlier till the entire
principal amount is paid. With respect to interest amount, if any,
the parties may try to resolve the dispute amicably by negotiation
and though intervention of learned advocates appearing on behalf of
he respective parties. However, in case of any dispute with respect
to the amount of interest, it will be open for the petitioner
to take recourse to law.
With
these, present petition is disposed of.
[M.R.
SHAH, J.]
rafik
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