and term loan of Rs.171.00 lakhs aggregating a sum of Rs.196.00 lakhs vide letter of arrangement dated 03.02.2021. The said loan facilities were covered under CGTMSE, primary security of hypothecation of stocks and receivables, plant and machinery more fully described in schedule A to OA and also lease hold rights over schedule mentioned B property to OA. The defendants executed agreement of loan cum hypothecation dated 03.02.2021 and guarantee agreement for the loan facility of Rs.196.00 lakhs. The defendants also created mortgage by deposit of title deeds in respect of Schedule B property with the Applicant and created charge over the leasehold rights of the same as security towards the loan amount. Subsequently the Cash credit of Rs.25.00 lakhs was closed. The defendants availed Rin-Suraksha scheme of Rs.6.00 lakhs and executed necessary documents. The defendants again availed GECL loan of Rs.9.00 lakhs and executed demand promissory note, supplemental agreement and guarantee agreement dated 25.08.2022. After availing the loan facilities, the defendants failed to comply the terms of sanction, hence the applicant bank was constrained to classify the account as NPA on 02.Q5.2022 and issued recall notice dated 16.09.2023. Inspite of several requests and demands, the defendantsfr: ear the outstanding. Hence this
