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2025 DAILYLAW 13072 (HP)

M/S SNOW DEW HYDRO ELECTRIC POWER PROJECT PVT LTD v. THE HPSCBL AND ANOTHER

CWP/9818/2025 · 2025-06-23

Sandeep Sharma

body2025

Judgment text

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IN THE HIGH COURT OF HIMACHAL PRADESH, SHIMLA CWP No.9818 of 2025 Date of Decision: 23.6.2025 _____________________________________________________________________ M/s Snow Dew Hydro Electric Power Project Private Ltd. ……...Petitioner Versus Himachal Pradesh State Cooperative Bank Limited and Ors. …....Respondents Coram Hon’ble Mr. Justice Sandeep Sharma, Judge. Whether approved for reporting? For the Petitioner: Mr. Rahul Mahajan, Advocate. For the respondents: Mr. Sunil Mohan Goel, Senior Advocate, with Mr. Raman Jamalta, Advocate. ___________________________________________________________________________ Sandeep Sharma, J. (Oral) Precisely, the grouse of the petitioner, as has been highlighted in the petition and further canvassed by learned counsel for the petitioner is that despite there being repeated requests, prayer made by the petitioner for settlement of loan under OTS scheme is not being considered, as a result thereof, great prejudice is being caused to the petitioner, who is otherwise ready and willing to pay the OTS amount of Rs. 43.10 crores, calculated as per One Time Settlement policy. 2. Learned counsel for the respondent-Bank fairly states that representation, if not already decided, same shall be decided expeditiously. - 2 - 3. Consequently, in view of the fair stand adopted by learned counsel for the respondents, present petition is disposed of with direction to the respondents to consider and decide pending representation of the petitioner expeditiously, preferably, within ten days taking note of the OTS Scheme. Needless to say, authority concerned while doing the needful shall afford opportunity of hearing to the petitioner and pass speaking order. Liberty is also reserved to the petitioner to file appropriate proceedings before the appropriate court of law be he still remains aggrieved. Pending applications, if any, stand disposed of. June 23, 2025 (Sandeep Sharma), (manjit) Judge