vss IN THE HIGH COURT OF JUDICATURE AT BOMBAY IN THE HIGH COURT OF JUDICATURE AT BOMBAY IN THE HIGH COURT OF JUDICATURE AT BOMBAY CIVIL APPELLATE JURISDICTION WRIT PETITION NO.5739 OF 2008 WRIT PETITION NO.5739 OF 2008 WRIT PETITION NO.5739 OF 2008 Prathamik Shikshak Sahakari Bank Ltd., Satara ... Petitioner V/s. Bank Employees Union ... Respondent Mr.M.S. Topkar for Petitioner Mr.A.Nevagi for Respondent CORAM: SMT.NISHITA SMT.NISHITA SMT.NISHITA MHATRE, J MHATRE, J MHATRE, J. DATED: SEPTEMBER 15, 2008 SEPTEMBER 15, 2008 SEPTEMBER 15, 2008 P.C.: P.C.: P.C.: . The petitioners have approached this Court against an order passed by the Industrial Court in complaint (ULP) No.106 of 2007 on 14.3.2008. The petition has been filed in July 2008. 2. The contention of the petitioner is that since the lending rates and borrowing rates of interest for banks have skyrocketted, they have increased the interest rates or loans to employees to 11% by resolution dated 13.10.2007. The Industrial Court has by its order has found that prima facie, a notice of change is required to be given by the petitioner bank before it can raise the interest rates. Since this is an interim order, I do not see any reason to interfere : 2 : with the same at this stage. The order has been passed by a Court of competent jurisdiction which has taken a possible view in the matter and, therefore, I am not inclined to disturb the interim order passed by the Industrial Court under the writ jurisdiction of this Court. 3. It is made clear, however, that all observations made by the Industrial court in its impugned order are only prima facie. The Industrial Court will endeavour to dispose of the complaint within six months from today 4. Petition is disposed of accordingly.