10.07,2001 vide sale deed document no.2868/2001 and 2B6g/2OOt. The defendants mortgaged the schedure property as security for the repayment of dues of applicant bank. The defendants again availed term loan of Rs.7,50,000/- on 10.10.20L7 and executed necessary documents. On 07.10.2020, the defendants also availed Rs.74.OO lakhs and hypothecated all the movables as mentioned in the schedule to OA. It is submitted by the Applicant bank that the Defendants availed the said loan facilities and failed to keep up the repayment schedule, as such the account was classified as NpA on 27.01.2023. Inspite of demands made by Applicant the defendants have not regularized the account, and the Applicant bank issued demand notice dated 09.06.2023, but the defendants did not come forward to repay the same. The total claim of Applicant against defendants is of Rs.37,51,686.76ps (Rupees Thirty Seven Lakhs Fifty One Thousand Six Hundred Eighty Six and paise Seventy Six only) (Rs.3O,49,855.19ps + Rs.7,01,831.57ps) with current and future interest @ 10.85% p.a with monthly rests from date of OA till the date of realization. Hence the OA.
