(1.) Rule. Learned advocate Mr. Vivek N Mapara waives service of notice of rule for respondent no. 2 and learned APP Mr. K. P. Raval waives service of notice of rule for respondent no. 1 State.
(2.) Heard learned Senior Advocate Mr. K S Nanavati appearing for Nanavati Associates for the applicants, learned advocate Mr. Vivek N. Mapara for the respondent No. 2 and learned APP Mr. K P Raval for the respondent No. 1 - State being a formal party.
(3.) I have also perused the record which runs in almost 300 pages and includes relevant documents to decide present application.