was a debit of Rs. 23,78,264.00, 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 summons to appear before this Tribunal but no one appeared on behalf of defendants and they were proceeded ex-parte vide order dated 02.09.2026. 7. In support of the OA, affidavit of Sh. Ajay Singh, Chief Manager, Bank of India has been filed. 8. Heard ex-parte arguments and perused record. 9. It was argued by learned counsel (through VC) that in view of the documentary evidence brought on record which had gone unrebutted, the applicant bank had proved its case. From the perusal of all the Annexure A1 to A32 to this OA, it is proved that defendant no. 1 approached applicant for availing of the loan facilities which were granted to him. Defendant no. 2 stood as guarantor in both the loan accounts. Defendants had executed all the relevant documents in favour of the bank. The defendants failed to pay back the loans as per terms and conditions of the agreement between the parties. Subsequently, accounts of the defendants were classified as NPA. From the documentary evidence brought on record, it is proved that applicant bank is entitled to recover a sum of Rs.23,78,264.00 (Rupees Twenty Three Lacs Seventy Eight Thousand Two Hundred Sixty Four Only) along with interest from the defendants, jointly and severally, from the date of filing of the present Original Application till realization of the amount. 10. In so far as pendente lite and future rate of interest is concerned, the applicant in relief clause has claimed interest @9.50%p.a. in Housing Loan Account including 2% penal interest and @12.40% p.a. in Personal Loan Account including 2% penal interest with monthly rests from the date of filing of the application till the realization.
