As per the averments in the application, the Applicant Bank states that the defendant no.1 is an Educationar society represented by defendant no'2l president avaired coD-I facirity of Rs.12.00 crores and term roan of Rs.21.70 crores on L5.04.2014. Defendants no.2 to 9 stood as guarantors and executed retter of guarantee dated 2L.05.20L4. Defendants no.1,4,5 & 6 mortgaged their immovable properties in favour of applicant bank. The defendant no,1 represented by defendant no.2 availed renewal of coD-I of Rs.12.00 crores and coD-II roan of Rs.g.00 cores and submitted documents. Further the defendants avaired new term roan of Rs.22.00 crores and passed a resorution dated 12.07.2016. For the facirities avaired by defendant no.1, defendants 4, 5 and 6 extended their mortgage of immovable properties. It is submitted by the Applicant bank that the Defendants avaired the said roan facirities and faired to keep up the repayment schedure, as such the account was crassified as NpA on 31.12.2018. Inspite of demands made by Applicant the defendants have not regularized the account, and the Applicant bank issued demand notice dated 04.OL.z}tg, but the defendants did not come forward to repay the same. The total claim of Applicant against defendants is of Rs.93,8.4,72,Og4.65ps (Rupees Ninety Three Crores Eig Two thousand Thirty four and parse er interest @13.05o/o p.a and
