02.01.2016, 01.10.2018 and 30.09.2021. On 31.08.2024, a sum of ₹26,83,185.34p was due from the defendants. Despite repeated requests, defendants did not make the repayment. Hence, this application. 3. On 22.10.2024, summonses were sent to the defendants by registered post, which were duly served. However, defendants did not put in appearance. Vide order dated 02.04.2025, they were proceeded ex parte . 4. In order to prove its case, the Bank has placed on record the affidavit of Mr. Amit Singh, Branch Manager along with the loan and security documents and marked them as Exhibit A-1 to A-11. 5. I have perused the evidence on the record. I am of the considered view that the Bank has proved its case that it had advanced the loan of ₹25.00Lacs and on 31.08.2024, a sum of ₹26,83,185.34p was due. 6. Accordingly, the application of the bank for the recovery of ₹26,83,185.34p (Rupees Twenty Six Lacs Eighty Three Thousand One Hundred Eighty Five and Thirty Four Paise Only) with interest @14% per annum with monthly rests from 26.09.2024, till the date of payment is hereby allowed with costs. The liability of all the defendants would be joint and several. Bank can recover its dues by the sale of hypothecated assets fully detailed in para No.3A of the application as well as from the personal movable and immovable property(ies) of the defendants. 7. Pending IAs, if any, stand disposed of. 8. Recovery Certificate be issued accordingly. 9. Parties are directed to appear before Recovery Officer on 29.05.2026, who is directed to distribute the sale proceeds of the mortgaged property(ies) as per the provisions of Section 19(20-AB) of the Act .
