Pooja Arora, Senior Manager (Agri. Legal), o f the applicant, who is competent to institute the Original Application vide Power of attorney dated 16.12.2020, which is Annexure A1 to this OA. 2. The brief facts of the OA are that the defendant no.1 to 3 had approached the applicant for the grant of KCC Limit of Rs.15.00 Lacs & Dropline Overdraft Limit of Rs.4.00 Lacs vide Loan application dated 22.02.2017, which is Annexure A2 to this OA. 3. The applicant sanctioned the KCC Limit of Rs.13.55 Lacs & Dropline Overdraft Limit of Rs.4.00 Lacs vide sanction letters dated 03.03.2017 filed in compliance of the order dated 06.09.2024 vide diary no.8493 dated 02.06.2025 and the terms and conditions were duly accepted by the defendants. 4. Defendant no. 1 to 3 had mortgaged their immovable properties i.e. total land measuring 59K-10M situated at Village Khaira Khurd, Tehsil Sardulgarh, District Mansa (Punjab) vide Declaration u/s 4(1) dated 21.03.2017, which is Annexure A5 to this OA. Documents executed: - Agreement for over facilities /cash credit cum guarantee cum hypothecation, Agreement for Dropline Over draft cum guarantee cum hypothecation both dated 22.03.2017, which are Annexures A3 & A4 to this OA; Legal notice dated 14.03.2022 along with postal receipts, which is Annexure A6 to this OA; CC Limit Account statements, which are Annexures A7 & A8 to this OA. 5. The loan accounts became irregular and were classified as NPA and after adjusting debit and credit entries in both the loan accounts there was a debit of Rs.21,63,075.00p, which is recoverable and the defendants were 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. 6. The defendants were served notices to appear before this Tribunal but no one appeared on behalf of defendants and they were proceeded ex-parte on 30.07.2024.
