Hundred Eighty Seven Only). The Original Application has been filed through Ms. Pooja Arora, Senior Manager (Agri. Legal) o f the applicant bank, who is competent to institute the Original Application vide Power of Attorney dated 16.12.2020, which is Annexure A1 to this OA. 2. The brief facts of the OA are that the defendant no.1 had approached the applicant bank for grant of KCC Limit of Rs.26 Lacs and Term loan of Rs.3.95 Lacs vide application form dated 23.07.2015, which is Annexure A2 to this OA. Defendant no.2 stood as guarantor. 3. The applicant Bank sanctioned the KCC Limit of Rs.26 Lacs and Term loan of Rs.3.95 Lacs vide Sanction Letters both dated 29.07.2015, which are Annexures A3 & A4 to this OA and the terms and conditions were duly accepted by the defendants. 4. Defendant No.1 had mortgaged his immovable properties i.e. total land measuring 41K-18M situated at Village Mangupur/377, Tehsil Balachaur, District Nawanshahar (Punjab) vide Letter to Joint Sub Registrar for creation of charge bearing vasika no.548 and Declaration U/s 4(1) both dated 07.08.2015 and Jamabandi for the year 20102011, which is Annexure A11 to this OA. Documents executed:- D.P. Notes, Letters of Continuity, Agreement for term loan and Agreement for Over draft all dated 29.07.2015, which are Annexures A5 to A10 to this OA; Legal notice dated 14.03.2022 with postal receipts, which is Annexure A12 to this OA and Accounts Statements of C.C. limit and Term Loan, which are Annexures A13 to A15 to this OA and Computer Certificate. 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.35,61,487.00 which is recoverable and the defendants were served recall notices but they did not repay the outstanding amount, therefore, the applicant bank requested to accept the application and to issue Recovery Certificate accordingly.
