Documents executed: Amalgamation of ING Vysya Bank with Kotak Mahindra Bank dated 01.04.2015, which is Annexure A1 to this OA; Agreement dated 24.01.2015, which is Annexure A4 to this OA; Demand Promissory Note dated 24.01.2015, which is Annexure A5 to this OA; Take Delivery Letter to DPN dated 24.01.2015, which is Annexure A6 to this OA; Hypothecation Agreement dated 24.01.2015, which is Annexure A7 to this OA; Guarantee Bond dated 24.01.2015, which is Annexure A8 to this OA; Consent Letters Executed by Borrower(s) and Guarantor(s) dated 24.01.2015, which is Annexure A9 to this OA; Undertaking-cum-Letter of Authorization for Insuring Crop and Other Movable Assets dated 24.01.2015, which is Annexure A10 to this OA; Loan Recall Notice and Postal Receipts dated 07.07.2022 and 11.07.2022, which are Annexure A12 to this OA; Statement of Account (KCC) duly certified under the Bankers’ Books Evidence Act, which is Annexure A13 to this OA. 5. The loan account became irregular and was classified as NPA and after adjusting debit and credit entries in the loan account, there was a debit of Rs.52,83,945.03 (Rupees Fifty Two Lacs Eighty Three Thousand Nine Hundred Forty Five and Paise Three Only), 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 29.05.2026. 7. In support of the OA, affidavit of Sh. Munish Sharma, Manager, Kotak Mahindra Bank Limited , has been filed. 8. Heard arguments and perused record. 9. It was argued by learned counsel, through video conferencing, that in view of the documentary evidence brought on record which had gone unrebutted, the applicant had proved its case.
