'nJ of rnortgagl and defendant No.3/builder shII not nsfer said It to any other pbrson without prior permission od the a ticant-da Ak and if case SO rec of any defablt the builder shall pay the entirq monl d by it f the borrowbr to the applicant-bank (Exhibit INo.A:o Exhibi4 No.A-1 this original application To a' th, ,f„„,id „,dit f„ility, t+e ApI icant-b: had opened loan accounjs in the name of defendant No.1 in ord to m. the credit facilities defelh lts failed to AR„ I,„,iling th, afo„„,id c,edit fa4ility, maintain Incial discipline and also failed lo co] ly wi le term and loan ;ount o conditions +f the loan agreement, consequehdy, defendant n 8.1/firm was classified as NPA on 29.01 b22 by hb bank RBI guideli (Exhibit N,. A-12), th„,,Rb thI pplic4K+bank issued Recall Noti. dated 30.01.2023 to the defend; he lbit N,1413), b, the and the lo d,fe.da„t, 4at,d n,-„,p,nse a„d they fail,d ko ,ep, accounts od the defendants are still un-IiI Ida' hence, .s O laI Appli„ti,n b„ b„n in,tit„t,d 8 As pe books of the bank maintained inthe II and +r+inary course o f b a n k i n g J siness, an outstanding of Rs.35,44,949 &/- (Rude&s Thi Five Lacs, Forty Four Thousand, Nine Hundred Fdrty Ni and Phi+a Sixty Nine Only) includbng interest upto, were lying dub for 'ment, I f&r whid be sarrle defendants #re jointly and severally liable to rbpay tb lich they did It-bank filed not pay desbite repeated requests and dembnd Applil the Statem grIt of loan Accounts. (Exhibit INo.A F14) t4 }his Original Application. C,a
