Power of Attorney dated 16.12.2020, which is Annexure A1 to this OA. 2. The brief facts of the OA are that the defendants no.1 & 2 had approached the applicant for the grant of Agriculture Cash Credit Limit of Rs.6.20 Lacs and Term Loan of Rs. 2.55 Lacs vide Application Form dated 27.06.2011, which is Annexure A2 to this OA. 3. The applicant sanctioned the Agriculture Cash Credit Limit of Rs.5.70 Lacs and Term Loan of Rs. 2.55 Lacs vide Sanction Letters dated 30.06.2011, which are Annexures A3 & A4 to this OA and the terms and conditions were duly accepted by the defendants. 4. Defendants No.1 & 2 had mortgaged their immovable properties i.e. total land measuring 32K-00M detailed as: a) Land measuring 03K-12M owned by defendant No.1 and b) Land measuring 28K-08M owned by defendant No.2 situated at Village Usman, Hadbast no.268, Tehsil and District Tarn Taran (Punjab) vide Registered Mortgaged Deed bearing v asika No.1902 dated 0 5.07.2011 along with its Translations, which is Annexure A10 to this OA. Documents executed:- D.P. Note, Letter of Continuity, Agreement for Overdraft/ Cash Credit cum Guarantee cum Hypothecation all dated 08.07.2011, which are Annexures A5 to A9 to this OA; Legal Notice dated 01.01.2023 along with postal Receipts, which is Annexure A11 to this OA and CC Limit A/c Statement and Term Loan A/c Statement along with Certificate regarding computer system and the genuineness of the statement of account being prepared through computer system, which are Annexures A12 & A13 to this OA. 5. The loan accounts became irregular and were classified as NPA and after adjusting debit and credit entries in both the loan accounts there was a debit of Rs.24,90,457.00, which is recoverable and the defendants were served recall notices but they did not repay the outstanding amount, therefore, the applicant requested to accept the application and to issue Recovery Certificate accordingly.
