Documents executed: Demand Promissory Notes, Powers of Attorney, dated 05.10.2023, 29.08.2024, which are Annexures A5, A6, A10 & A11 to this OA; Legal Notice dated 30.10.2025, along with postal receipts, which is Annexure A12 to this OA; Statement of Accounts along with certificates, which are Annexures A13 & A14 to this OA. 5. The loan accounts became irregular and were classified as NPA and after adjusting debit and credit entries in the loan accounts there was a debit of Rs.58,62,682.37, 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 24.08.2026. 7. In support of the OA, affidavit of Sh. Rakesh Kumar, Manager, Kotak Mahindra Bank Ltd. has been filed. 8. Heard ex-parte arguments and perused record. 9. It was argued by learned counsel for applicant that in view of the documentary evidence brought on record which had gone unrebutted, the applicant had proved its case. From the perusal of all the Annexures A1 to A14 to this OA, it is proved that the defendant no. 1 a pproached applicant for availing of Term Loan Facility I which was granted to her, defendant nos. 2 & 3 stood as guarantors and the defendant nos. 1 & 2 a pproached applicant for availing of Term Loan Facility II which was granted to them. They 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, loan
