2026:HHC:805-DB IN THE HIGH COURT OF HIMACHAL PRADESH SHIMLA CWP No.14634 of 2024 Decided on: 02 nd January , 2026 ____________________________________________________ State Bank of India ....Petitioner Versus H.P. State Co-operative Bank Ltd. And others ...Respondents _____________________________________________________ Coram Hon’ble Mr. Justice G.S. Sandhawalia, Chief Justice Hon'ble Mr. Justice Jiya Lal Bhardwaj, Judge Whether approved for reporting? 1 For the petitioner: Mr. Arvind Sharma, Advocate. For the respondents: Mr. Y.P. Sood, Advocate, for respondents No.1 to 3. Mr. Pranay Pratap Singh, Additional Advocate General, for the respondents-State. G.S. Sandhawalia, Chief Justice (Oral) Arguments heard. 2. Keeping in view the fact that the dispute as such is between the two banks with regard to the sale of the mortgaged property, we direct that a sum of Rs.23,48,470/- being the residue amount lying with respondent No.1 be paid to the petitioner-Bank, who had already appropriated a sum of Rs.93,91,530/- out of the sale consideration of Rs.1,17,00,000/-. The said appropriation will 1 Whether reporters of Local Papers may be allowed to see the judgment? 2 be subject to the final decision of the Arbitrator who will enter into the dispute as such and decide the issue on merits. Keeping in view the law laid down by the Apex Court in Bank of India vs. M/s Sri Nangli Rice Mills Private Limited and others, (2025) 9 SCC 225, a detailed order will follow. 3. The amount so directed to be paid shall be remitted within a period of two weeks from today. 4. Accordingly, the writ petition stands disposed of. ( G.S. Sandhawalia ) Chief Justice 02 nd January , 2026 ( Jiya Lal Bhardwaj ) (ankit) Judge