institute the Original Application vide Authority Letter dated 10.10.2022, which is Annexure A1 to this OA. 2. The brief facts of the OA are that the defendants had approached the applicant for grant of Housing Loan of Rs.39.00 Lacs, vide Loan application dated 26.03.2022. 3. The applicant sanctioned Housing Loan of Rs.39.00 Lacs vide Sanction Letter dated 29.03.2022, which is Annexure A2 to this OA and the terms and conditions were duly accepted by the defendants. 4. Defendant No. 1 and 2 had mortgaged their immovable property i.e. House No. 5531/2 measuring 200 Sq. Yards situated at village Jassian, Hadbast no. 101 Abadi Raghbir Park, Tehsil and District Ludhiana, Punjab through equitable mortgaged of sale deed vide vasika no. 2022-23/101/1/285 dated 06.04.2022, along with its translation, w hich is Annexure A5 to this OA. Documents executed: - Housing Loan Agreement and Undertaking, both dated 29.03.2022, which are Annexures A3 and A4 to this OA; Letter evidencing deposit of title deeds, dated 29.03.2022, which is Annexure A6 to this OA; Jamabandi for the year 2007-08 dated 17.05.2022, which is Annexure A7 to this OA, CERSAI, dated 07.04.2022, which is Annexure A8 to this OA; Demand Notice dated 29.08.2023, which is Annexure A9 to this OA; Possession Notice dated 06.11.2023, which is Annexure A10 to this OA; Legal Notice dated 03.10.2024, along with postal receipts, which are Annexures A11 and A12 to this OA; and Statement of Account with certificate Under Banker’s Book Evidence Act, which is Annexure A13 to this OA. 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.44,66,429.95p, 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.
