Chittranjan Thakkar v. Naresh Parikh

CourtCourt of Appeals of Georgia
DecidedJune 5, 2025
DocketA25A0588
StatusPublished

This text of Chittranjan Thakkar v. Naresh Parikh (Chittranjan Thakkar v. Naresh Parikh) is published on Counsel Stack Legal Research, covering Court of Appeals of Georgia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Chittranjan Thakkar v. Naresh Parikh, (Ga. Ct. App. 2025).

Opinion

FOURTH DIVISION MERCIER, C. J., DILLARD, P. J., and LAND, J.

NOTICE: Motions for reconsideration must be physically received in our clerk’s office within ten days of the date of decision to be deemed timely filed. https://www.gaappeals.us/rules

June 5, 2025

In the Court of Appeals of Georgia A25A0588. THAKKAR v. PARIKH. A25A0589. THAKKAR et al. v. PARIKH.

MERCIER, Chief Judge.

Following a jury trial in this fraud case and the subsequent denial of their

“motion for JNOV, new trial, or remittitur,” Chittranjan Thakkar and Green Chillies,

LLC (sometimes collectively referred to as “Defendants”) appeal from the verdict

that awarded Dr. Naresh Parikh the following amounts: $145,000 solely against

Thakkar for his failure to repay three promissory notes that he personally guaranteed

on behalf of Green Chillies, a company managed by Thakkar; $650,000 jointly against

Thakkar and Green Chillies for fraudulently inducing Parikh to invest in certain

restaurants in return for an unfulfilled promise of ownership in those restaurants;

$525,025.36 against Thakkar and Green Chillies jointly for Parikh’s attorney fees pursuant to OCGA § 13-6-11, and $65,000,000 against Thakkar and Green Chillies

jointly for punitive damages.1 Among other things, Defendants maintain that there was

insufficient evidence of fraud and that the punitive damages award was

constitutionally excessive. For the reasons set forth below, we affirm the jury’s verdict

regarding the promissory notes, fraud, and attorney fees, but we vacate the award of

punitive damages and remand the case for further proceedings on that issue.2

1. With regard to the jury’s decision to award Parikh $650,000 for fraud,

Defendants maintain that the trial court erred by denying their motion for judgment

notwithstanding the verdict. We disagree.

When reviewing the denial of a motion for judgment notwithstanding the

verdict or a denial of a motion for directed verdict, this Court must “determine

whether there is any evidence to support the jury’s verdict.” Patterson-Fowlkes v.

Chancey, 291 Ga. 601, 602 (732 SE2d 252) (2012). “In so doing, this Court must

1 Although the trial court initially determined that the punitive damages award was subject to a $250,000 cap, see OCGA § 51-12-5.1 (g), it later determined that the cap was not required and reinstated the full amount. 2 As Thakkar and Green Chilies raise the same contentions on appeal, we will consider their cases jointly in this opinion. 2 construe the evidence in a light most favorable to the prevailing party in the court

below.” Id.

Viewing the evidence in this light, the record shows that the business dispute

at the heart of this matter involves three restaurants in which Parikh invested: (1) Gyro

City (Hiram); (2) Gyro City (Roswell); and (3) Santorini Taverna. These restaurants,

in turn, were owned by a complicated pyramid of holding companies that can be traced

back to Gyro City Mediterranean, LLC, and Green Chillies. Gyro City Mediterranean

was owned by Nirvana Restaurant Group, a company in which Parikh’s son, Nirav

Parikh, held an 80% interest and Vinod Patel held a 20% interest. Green Chillies was

owned entirely by Thakkar and his family.

At trial, Parikh, who is a cardiologist, recounted that he met Thakkar as a social

acquaintance, and they subsequently formed a friendship and began entering business

ventures together. At some point later, Parikh and Thakkar discussed the restaurants

in question, and, according to Parikh, Thakkar promised to transfer a one-third

ownership in the restaurants to Parikh in return for his investments in their

operations. These investments ultimately included $145,000 in promissory notes,3 and

3 This amount was comprised by three separate promissory notes entered into between Parikh and Green Chillies for $44,000, $73,000, and $28,000. Thakkar 3 an additional aggregate investment of approximately $2 million to cover ongoing

restaurant expenses. Parikh testified that he was neither repaid on the notes nor

provided any ownership in the restaurants in exchange for any of his investments.

And, on cross-examination,4 Thakkar admitted that, as the manager of Green Chillies,

he had the ability to cause Green Chillies to transfer ownership interests “for the right

commitments[,]” but he never transferred any interest to Parikh. Thakkar also

testified that, at least for some time after April 2020, he had “exclusive control” over

the restaurants.

As additional support to prove the existence of the promise to transfer

ownership, Parikh provided several pieces of email correspondence, including: (1) a

July 2019 instruction from Thakkar to a lawyer that “[w]e need to correct all

ownership docs to reflect Doc[‘s] ownership.” ; (2) an August 2019 email from

Thakkar to Parikh and others stating: “NEED TO CORRECT OWNERSHIP

ISSUES OF DOC ON RESTAURANTS[;]” and (3) a May 2020 email from Parikh

to Thakkar stating: “My advise [sic] would be to pay all outstanding Leases[,] Cam[,]

personally guaranteed all three notes. 4 Parikh testified and cross-examined Thakkar, but Defendants neither put up evidence nor called any witnesses. 4 Utility[, and] Insurance Asap[.] Then we can reconcile. With 33.36 shares for me[.]”

In addition, Parikh also introduced a proposed Amended Operating Agreement for

one of the restaurant holding companies, Gateway Rest Group, LLC, along with a

December 2019 cover email sending the proposed agreement from a lawyer to

Thakkar and Parikh. Parikh also provided evidence that, although he was investing

funds that were intended to go to the operation costs of the restaurants, Thakkar

withdrew some of this money and placed it into his own personal business.5

During cross-examination, Parikh also questioned Thakkar about his history of

unpaid debts that resulted in litigation. Parikh used this evidence to support both an

argument that Thakkar made the promises to transfer ownership to Parikh without any

intent to make good on the promise and an argument that Thakkar’s recurring

conduct, that was similar to his conduct with Parikh, should be punished by the

issuance of an award for punitive damages. Thakkar, himself, testified that the

corporate structure of his many businesses had been challenged many times, though

5 Parikh testified that, in late 2019, Thakkar was withdrawing money that Parikh was investing in the restaurants and diverting it to one of Thakkar’s personal companies – Jax Fairfield, LLC. 5 those challenges were not successful. And, to the extent that he wished to do so,

Thakkar was allowed to explain the reasons for his past litigated business debts.

To recover for actual fraud, five elements must be shown: “a false

representation by a defendant, scienter, intention to induce the plaintiff to act or

refrain from acting, justifiable reliance by plaintiff, and damage to plaintiff.” Coe v.

Proskauer Rose, 314 Ga. 519, 526-527 (2) (878 SE2d 235) (2022) (citation and

punctuation omitted). Defendants argue that the fraud claim must fail because (a) the

promises underlying the claim were made to Parikh by parties other than Thakkar; (b)

the promises were neither specific enough to be actionable nor made without a present

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