Rs. 6.20 Lac andTerm Loan of Rs. 9.70Lac on 28101t14. ln considerationof the sanctionof credit facilities, the DefendantNo'-1& 2 as borrowersand Defendant No.-3,4 & smt. Ramakantsoni (since deceased) in addition to execution ofloan and guarantee documents have atso createdequitable mortgage overthe immovabte property,i.e', Att that part and parcel of property consisting ofHouseNo.'663, buitt'upon Part of Kh No'-20/5'31/5 Otd 2Ol3,31 /1,Ptot area1E00 sq.ft., S.No'-401,PC No"25l5, situated at Mauza Ranipur,NarsinghWard, Jabatpur;betongingto Rama Kant Soni (since deceased). TheDefendantNo.-2 informedhis mother RamaKantsoni expired on 25112114whose property has been mortgagedand he atso furnished the detaitsof her tegat heirs. The DefendantNo"1& 2 availed the credit facititiesbut did not payinstattmentsin time. The accounts became irregutar and theDefendantsfaited to tiquidate the outstandingduesdesPite issuance of LegatNoticetastty on 26109118 and initiationof action underthe securitisationAct by the AppticantBank. The Appticant-Bankhas retiedupon the documents atEx. A-1 to A-23which were proved by shri Ritesh Kumar Burman, Branch Manager.
