defendants do not admit the documents relied on by the applicant bank. The accounts were wrongly classified as NpA without following the provisions of RBI norms. Therefore, the demand notice dated 21.06.2021 is not correct and is therefore, liable to be set aside. It is denied that the applicant bank issued legal notice dated 01.11.2021. Applicant faited to take into consideration the payments made by defendants correctly while filing the present OA. Applicant added premature interest in the OA claim amount. Applicant is not entiued to recover the outstanding dues with future interest @12.35% and @72.45o/o per anum i.e., the present rate of interest. Defendants are not liable to pay the outstanding dues as claimed in the OA. The statement of account is not in terms of the provisions of the Bankers Book of Evidence Act, 1g91 and the certification was not given by the competent person. Applicant ignored the losses and damages suffered by the 1st defendant and filed the present OA on vague, baseless and concocted grounds. There is no subsisting cause of action in favour of the applicant bank and against the defendants. Whereas, the defendants have definite cause of action against the applicant bank for the losses and damages. Applicant,s claim is barred by limitation. Applicant is not entitled to the OA claim and for sale of OA schedule assets.
