competent to institute the Original Application vide Power of Attorney dated 19.09.2019, which is Annexure A1 to this OA. 2. The brief facts of the OA are that the defendant No.1 through its proprietor i.e. defendant no.2 had approached the applicant for the grant of Cash Credit Limit of Rs.40.00 Lacs under CGTMSE scheme vide Application dated 19.01.2019, which is Annexure A2 to this OA. 3. The applicant sanctioned the Cash Credit Limit of Rs.40.00 Lacs vide Letter of Sanction dated 07.03.2019, which is Annexure A3 to this OA and the terms and conditions were duly accepted by the defendants. 4. Defendant no.1 had hypothecated its movable properties i.e. Hypothecated the all tangible movable assets including in particular fabric, denims, lowers etc. lying at factory/place or in transit or elsewhere, Stocks and Book Debts vide Hypothecation cum Loan Agreement dated 07.03.2019, which is Annexure A6 to this OA. It is pertinent to be mention here that the above said movable properties have been sold by defendants no. 1 & 2 . Documents executed:- Demand Promissory Note, Bearer Letter, Composite Document, Letter of Declaration and Assurance, Letter of Declaration/Undertaking and Authority, Undertaking and Declaration, Format for MCLR Agreement-New Loans all dated 07.03.2019, which are Annexures A4, A5 & A7 to A11 to this OA; Cash Credit Limit account with Certificate, which is Annexure A12 to this OA; Acknowledgement of debts and securities dated 11.08.2020, which is Annexure A13 to this OA; Legal Notices dated 31.01.2022 along with Postal Receipts along with their translations which are Annexures A14 to A17 .
