2 2. The brief facts of the OA are that the defendants had approached the applicant bank for the grant of KCC Limit of Rs.16.00 Lacs vide Loan application dated 06.08.2015, which is Annexure A2 to this OA. 3. The applicant Bank sanctioned the KCC Limit of Rs.16.00 Lacs vide Sanction Letter dated 06.08.2015, which is Annexure A3 to this OA and the terms and conditions were duly accepted by the defendants. 4. Defendant No.1 had mortgaged his immovable properties i.e. total land measuring 47 Kanal 10 Marlas situated at Village Karyal, Teshil Dharamkot, District Moga, Punjab vide Registered Mortgage Deed bearing vasika No.803 dated 07.08.2015 and Jamabandi for the year 2008-09, along with their translations, which are Annexures A7, A8 and A-8/T to this OA. Documents executed: - Hypothecation agreement, Letter of undertaking and Supplementary agreement all dated 13.08.2015, which are Annexures A4 to A6 to this OA; Legal Notice dated 16.06.2022, which is Annexure A9 to this OA and Statement of account, which is Annexure A10 to this OA. 5. The loan account became irregular and was classified as NPA and after adjusting debit and credit entries in loan account there was a debit of Rs.22,82,571.00, which is recoverable and the defendants were served recall notices but they did not repay the outstanding amount, therefore, the applicant bank requested to accept the application and to issue Recovery Certificate accordingly. 6. The defendants were served notices to appear before this Tribunal but no one appeared on behalf of defendants and they were proceeded ex-parte on 06.09.2023. 7. In support of the OA, affidavit of Sh. Sandeep Kumar, Manager, Punjab National Bank has been filed. 8. Heard ex-parte arguments and perused record.
