The defendant had availed the said Loan facility from the applicant bank but has not paid the outslanding loan amount as per terms and conditions as agreed upon with the applicant bank, in spite of repeated demands and request by the applicant bank. As the defendants failed to repay the outstanding amount in the loan accounts, the said accounts became NPA on 01.,1,1.2020. The defendant deposited installment of Rs. 19,'100.00 on 31.03.2020 in loan account No. g652603000235 and Rs. 29,260.00 on 31.03.2O20 in loan account No. 86526260009,16. The applicant Bank stated that as per order dated 10-01-2022 passed by Hon,ble Supreme Court in Miscellaneous Application No.21 of ZO22 in SMW(C) No.3 of 2020, the instant suit is filed within period of limitation. The Hon,ble Supreme Court in the said order directed that the period from 15-03-2020 lill 2A-02-2022 shall stand excluded for the purpose of limitation as may be prescribed under any general or special laws in respect of all judicial or quasi-Judicial proceedings. After the account became NpA the applicant bank issued notices for repayment of the due amount, the defendants received the notices but they have neither chosen for repayment of the remaining installments in the loan account nor approached to the applicant bank for setfling the loan account.
