Rs.29,81,367.24p (Rupees Twenty Nine Lac Eighty One Thousand Three Hundred & Sixty Seven Only). The Original Application has been filed through Sh. Narinder Nanda, authorized signatory o f the applicant, who is competent to institute the Original Application vide Board Resolution dated 22.11.2023, which is Annexure A1 to this OA. 2. The brief facts of the OA are that the defendant no.1 & 2 had approached the applicant bank for the grant of OADP Limit of Rs.25.00 Lacs and GECL Limit of Rs.2.25 Lacs vide Loan Application dated 16.03.2021, which is Annexure A2 to this OA. 3. The applicant Bank sanctioned OADP Limit of Rs.25.00 Lacs and GECL Limit of Rs.2.25 Lacs vide Sanction Letters dated 03.05.2021, which is Annexure A3 to this OA and further renewed the credit facilities vide Renewal Sanction Letter dated 15.05.2023, which is Annexure A11 to this OA and the terms and conditions were duly accepted by the defendants. 4. Defendant no.3 had mortgaged her immovable property i.e. total House measuring 0K-07M situated at Village Chounta, Hadbast no.430, Tehsil Nurpur Bedi, District Rupnagar vide Equitable mortgage of Sale Deed bearing vasika no.452 dated 28.06.2019 with its translations, which is Annexure A10 to this OA. Documents executed: -Master Facility Agreement, Term Loan Agreement, Deed of Guarantee, Deed of Indemnity all dated 19.05.2021 , which are Annexures A4, A5, & A7, A8 to this OA; Takeover of Baking Facility dated 07.06.2021, which is Annexure A6 to this OA; Memorandum of Mortgage dated 08.07.2021, which is Annexure A9 to this OA; Recall Notice dated 11.09.2023 with postal receipts, which is Annexure A12 to this OA and Account Statement ODAP & GECL along with Interest & Certificate, which are Annexures A13 to A16 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.29,81,367.24p, which is recoverable and the defendants were served recall notices but they did not repay the
