Bank of India regulation dated 02.05.1987, which is Annexure A1 to this OA. 2. The brief facts of the OA are that the defendant had approached the applicant for grant of Term Loan of Rs.22.95 Lacs for purchase of Combine Harvester vide Loan application form dated 01.06.2023, which is Annexure A2 to this OA. 3. The applicant sanctioned Term Loan of Rs.22.95 Lacs for purchase of Combine Harvester vide Sanction Letter dated 12.06.2023, which is Annexure A3 to this OA and the terms and conditions were duly accepted by the defendant. 4. Defendant had had hypothecated his movable asset i.e. Combine Harvester Super Maxx 4900, Model No. Farm line 4900 BSIV T51, C14, Bearing registration No. PB10JD6214 Chassis No. FL4900F2300005 & Engine No. PLHM104001 vide Hypothecation agreement dated 12.06.2023, which is Annexure A4 to this OA. Quotation dated 29.05.2023 and invoice dated 30.06.2023, which is Annexure A5 to this OA. However, in the OA it is mentioned that despite repeated requests by the applicant, the defendant did not supply the original certificate of registration of combine harvester purchased with the loan. Documents executed: - Legal Notice dated 27.06.2024, which is Annexure A6 to this OA and Statement of Account, which are Annexure A7 to this OA. 5. The loan account became irregular and was classified as NPA and after adjusting debit and credit entries in loan account there was a debit of Rs.23,74,748.00p, which is recoverable and the defendant was served recall notices but they did not repay the outstanding amount, therefore, the applicant requested to accept the application and to issue Recovery Certificate accordingly.
