2' As per the averments in the apprication, the Appricant Bank states that defendant No.1 is a partnership firm and defendants 2 & 3 are its partners, Defendants B & g are proprietary concerns represented by defendants 6 & 4 as sole proprietors. Defendant no.1 being represented by partners defendants B & 9 represented by its proprietors and defendant no.2 in his individuar capacity avaired loan facirities from Appricant bank. Defendant No.1 avaired soD limit of Rs.400 lakhs, OSL term loan of Rs.6B0 lakhs, OSL term loan of Rs.480 lakhs and OSL term toan of Rs.45.00 lakhs on 25.10.2019. Defendant No.2 availed OSL term loan of Rs.45 lakhs, defendant No.B avaited ADHOC limit of Rs.5.0B lakhs, SOD limit of Rs,75 lakhs and defendant no'9 availed Adhoc rimit of Rs.5.1g rakhs and oLCc limit of Rs.90 lakhs. Defendants 2 to 7 stood as guarantors to the loan availed by defendants 1,2,8 and 9 respectively. The defendants executed various necessary documents for avairing the loan facirities. The above loan facilities are secured by way of hypothecation of charge on the stocks, movable assets, book debts and receivables more fully described in the Application A schedule. The said loan facilities are collateraf{y secured by way of\qguitable mortgages on the properties moret fuily descrjbed.,i!j ,nu a$ptication B schedule.
