Authority: High Court of Himachal Pradesh, Shimla
Order Date: 23 September 2026
Case Overview
- Petitioners: State of Himachal Pradesh.
- Respondents: Yudh Chand Bains and others.
- The petition arises from the impugned final judgment dated 13‑05‑2026 in CRMPM Nos. 103/2025, 509/2025, 579/2025, 611/2025.
- The Court, on 22‑09‑2026, directed the respondent to file an affidavit‑cum‑undertaking regarding the outstanding loan.
- Respondent Yudh Chand Bains filed the affidavit‑cum‑undertaking, acknowledging a loan liability of Rs 74.54 crore as on 25‑08‑2026 for loan accounts of M/s Hotel Lake Palace and M/s Himalayan Snow Village.
Final Outcome
- Bains undertakes to pay the full outstanding loan of Rs 74.54 crore, together with future interest, to Kangra Central Co‑operative Bank by 22 February 2027, within five months from 23 September 2026.
- Payment must be made directly to the loan account by RTGS; the Bank shall not accept any cheque from the respondent.
- Bains affirmed he does not hold an Indian passport and will cooperate with the investigation of FIR 02 of 2025 registered with the State Vigilance and Anti‑corruption Bureau, Una.
- Breach of the undertaking will attract contempt proceedings and other consequences as deemed appropriate by the Court.
- The status‑quo on two properties located at Mandi and Manali, Himachal Pradesh, is maintained under the Bank’s supervision.
- The matter is listed for further hearing on 23 February 2027 at 03:30 PM before the same Bench and will be treated as part‑heard.
Topics: Loan Repayment, Court Order, Banking Supervision