loan application dated 06.05.2013. Defendant no.3 stood as a guarantor. 3. The applicant sanctioned the KCC Limit of Rs.55.00 Lacs vide Credit Arrangement Letter dated 11.05.2013, which is Annexure A3 to this OA and terms and conditions duly accepted by the defendants. 4. Defendant no.1 mortgaged his immoveable properties i.e. Total land measuring 16.85 Acres detailed as under: (i) 110K-15M (13.84 Acres) situated at Village Hardochakk, Tehsil and District Tarn Taran, Punjab (ii) Land measuring 24K-01M (3.01 Acres) situated at Village Kadd Gill, Tehsil and District Tarn Taran, Punjab vide Mortgage Deed bearing vasika no.974 dated 15.05.2013, which is Annexure A12 to this OA. Documents executed : Amalgamation order dated 01.04.2015, which is Annexure A2 to this OA; Agreement BI, DPN, Take delivery letter to DPN, Hypothecation agreement, Guarantee Deed, Consent letter by Borrower, Consent letter by Guarantor, Undertaking cum letter of Authorization for insuring crop and other moveable assets, all dated 23.05.2013, which are Annexures A4 to A11 to this OA; Legal Notice dated 20.06.2024, along with postal receipts, which are Annexures A13 to A16 to this OA and Statement of Account along with interest & certificate, which are Annexures A17 to A19 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.98,93,176.27, 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 vide order dated 14.01.2026.
