FA/1285/2026

Judgment text excerpt

NEUTRAL CITATION C/FA/1285/2026 JUDGMENT DATED: 22/06/2026 2026:GUJHC:38221 IN THE HIGH COURT OF GUJARAT AT AHMEDABAD R/FIRST APPEAL NO. 1285 of 2026 With CIVIL APPLICATION (FOR STAY) NO. 1 of 2025 In R/FIRST APPEAL NO. 1285 of 2026 FOR APPROVAL AND SIGNATURE: HONOURABLE MR. JUSTICE J. C. DOSHI SD/- ========================================================== Approved for Reporting Yes No NO ========================================================== GUJARAT INDUSTRIAL INVESTMENT CORPORATION LTD. Versus PRAVINCHANDRA K SHAH & ORS. ========================================================== Appearance: MR RD DAVE(264) for the Appellant(s) No. 1 SERVED BY PUBLICATION IN NEWS for the Defendant(s) No. 1,2,3 ========================================================== CORAM:HONOURABLE MR. JUSTICE J. C. DOSHI Date : 22/06/2026 JUDGMENT 1. Admit. 1.1 The Civil Suit No.5739 of 1995 filed by the Gujarat Industrial Investment Corporation Limited (for short, ‘GIICL’) for recovery of Rs.51,20,270/- along with interest at the rate of 18% per annum before the learned City Civil Court, Ahmedabad came to be dismissed by the learned City Civil Court, Ahmedabad on 29.03.2025, resulting into filing of this first appeal under Section 96 of the Code of Civil Procedure, 1908 (for short, ‘CPC’). Page 1 of 13 Uploaded by () on Downloaded on : Tue Jun 30 23:07:48 IST 2026 NEUTRAL CITATION C/FA/1285/2026 JUDGMENT DATED: 22/06/2026 2026:GUJHC:38221 2. Parties to the suit are referred to as per their original status before the learned trial Court. The sufficient facts borne out from the impugned judgment reads as under: 2.1 GIICL is a public limited company incorporated under the provision of the Companies Act, 1956. The defendants are the guarantors of M/s. Prakash Gems Impex Pvt. Ltd and the defendant