Rs.5,29,10,508/- to purchase two units of Crane 40 ton/1 unit of Crane 50/30 ton. Learned counsel for the appellant further states that in accordance with the terms and conditions of the loan facility, the respondents had agreed to repay the loan facility in 60 equated monthly installments carrying interest @09.20% p.a. at monthly rests and hypothecated the vehicles so purchased in favour of the appellant. According to the learned counsel for the appellant, the bank accordingly sanctioned and disbursed to respondents a total amount of Rs.8,54,20,200/- after deducting the process fee and stamp duty charges in accordance with the term and conditions of the loan facilities. She submits that after availing the financial facilities, the respondents did not adhere to the financial discipline and failed to repay either the principal or interest or charges thereon and consequently the bank had to file an O.A. for recovery of Rs.6,83,36,273.20 along with pendente lite and future interest and costs with respect to the loan in question. She further states that in the O.A. itself the appellant had inter alia sought ex parte interim relief of appointing Mr. Krishna Kumar and Mr. Asad Abbas, officers of the applicant bank as Receiver, but the learned DRT did not appoint any Receiver.
