applicant, who is competent to institute the Transfer Application vide Board Resolution dated 15.04.2023, which is Annexure A1 to this TA. 2. The brief facts of the OA are that the defendants had approached the applicant bank for the grant of commercial vehicle and body making Loan of Rs.36,25,401.00 vide Loan Application dated 01.11.2018, which is Annexure A2 to this TA. 3. The applicant Bank sanctioned the commercial vehicle and body making Loan of Rs.36,25,401.00 and the terms and conditions were duly accepted by the defendants. 4. Defendant no.1 had hypothecated his movable property i.e. Commercial vehicle namely TATA SIGNA 4923.S CR bearing Chassis no. MAT704127J3G22450, Engine No.ISBE5.92304081G63711121 and Registration No.PB04AB0327 vide copy of registration certificate filed in compliance of the order dated 13.11.2024 vide diary no.19286 dated 10.12.2024. Documents executed:- Agreements for Loan and Guarantee both dated 19.11.2018, which are Annexures A3 & A4 to this TA; Statement of Account along with Certificate, which are Annexures A5 & A6 to this TA; Legal Notice dated 03.04.2024, along with original postal receipts which are Annexures A7 to A10 to this TA. 5. The loan account became irregular and was classified as NPA and after adjusting debit and credit entries in loan account there was a debit of Rs.20,03,992.11p, 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. 6. The defendants were served notices to appear before this Tribunal but no one appeared on behalf of defendants and they were proceeded ex-parte on 08.11.2024. 7. In support of the OA, affidavit of Mr. Rajendra Prasad, Authorized Signatory, HDFC Bank Ltd. h as been filed.
