| Rs.52,57,894/- was due from the defendant. Despite repeated requests, |
| defendant did not make the repayment. Hence, this application. |
3.
On 25.04.2022, summons was sent to the defendant by registered |
| post, which was duly served. However, defendant did not put in |
| appearance. Vide order dated 14.12.2022, he was proceeded_ex parte_. |
4.
In order to prove its case, the Bank has placed on record the |
affidavit of Mr. Neeraj Kapoor, Senior Manager along with the loan and
security documents and marked them as Exhibit A-1 to A-13. |
5.
I have perused the evidence on the record. I am of the considered |
| view that the Bank has proved its case that it had advanced the loan of |
| Rs.35.00 Lacs and on 28.03.2022, a sum of Rs.52,57,894/- was due. |
6.
Accordingly, the application of the bank for the recovery of |
| Rs.52,57,894/- (Rupees Fifty Two Lacs Fifty Seven Thousand Eight |
| Hundred and Ninety Four Only) with interest @9.25% per annum with |
| half yearly rests from 28.03.2022, till the date of payment is hereby |
| allowed with costs. Bank can recover its dues by the sale of mortgaged |
land measuring 80K – 0M fully detailed in para No.5.5 of the application
as well as from the personal movable and immovable property(ies) of the
defendant. |
7.
Pending IAs, if any, stand disposed of. |
8.
Recovery Certificate be issued accordingly. |
9.
Parties are directed to appear before Recovery Officer on |
| 12.05.2023, who is directed to distribute the sale proceeds of the |
mortgage land and standing crops as per the provisions of Section 19(20-
AB) of the Act**.** |
