Notification/ State Bank of India Regulations is Annexure A1 to this OA. 2. The brief facts of the OA that the defendant had approached the applicant for the grant of Term Loan of Rs. 31.50 Lacs under Agri. Infra Fund Scheme vide loan application dated 09.08.2023, which is Annexures A2 to this OA and for grant of Dropline OD (Dairy Loan) of Rs.10.00 Lacs vide loan application dated 30.10.2023, which is Annexures A5 to this OA. 3. The applicant sanctioned Term Loan of Rs. 31.50 Lacs vide letter of arrangement dated 30.08.2023, which is Annexures A3 to this OA and Dropline OD of Rs.10.00 Lacs vide letter or arrangement dated 14.12.2023, which is Annexure A6 to this OA and the terms and conditions were duly accepted by the defendant. 4. Defendant had hypothecated his moveable assets i.e. combine harvester, farm machinery, milch animals, etc. vide Agreement for Loan cum hypothecation dated 30.08.2023 & 14.12.2023, which are Annexures A4 & A7 to this OA. Documents executed:-Legal Notice dated 04.01.2025, which is Annexure A8 to this OA and Statement of account with certificate, which is Annexure A9 to this OA. 5. The loan accounts became irregular and were classified as NPA and after adjusting debit and credit entries in loan accounts there was a debit of Rs.39,34,846.34p, which is recoverable and the defendant was served recall notices but he did not repay the outstanding amount, therefore, the applicant requested to accept the application and to issue Recovery Certificate accordingly. 6. The defendant was served notices to appear before this Tribunal but no one appeared on behalf of defendant and he was proceeded exparte on 08.10.2025. 7. In support of the OA, affidavit of Sh. Kuldeep Kumar , Manager, State Bank of India, h as been filed. 8. Heard ex-parte arguments and perused record
