Documents executed :- Demand Promissory Note dated 20.01.2015, which is Annexure A5 to this OA; Hypothecation Agreement dated 20.01.2015, which is Annexure A6 to this OA; Legal Notice dated 23.01.2019, which is Annexure A10 to this OA; Statement of accounts with certificate, which is Annexures A11 to this OA; Interest Certificate dated 08.12.2025, which is Annexure A12 to this OA and Acknowledgement of Debt dated 14.03.2018, which is Annexure A13 to this OA. 5. The loan accounts became irregular and were classified as NPA and after adjusting debit and credit entries in loan accounts, there was a debit of Rs.42,74,349/- (Rupees Forty Two Lakhs Seventy Four Thousand Three Hundred Forty Nine Only), which is recoverable and the defendants despite approaching 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 on 18.03.2026. 7. In support of the OA, affidavit of Ms. Sucheta Gupta, Branch Manager, Indian Bank, has been filed. 8. Heard ex-parte arguments and perused record. 9. It was argued by learned counsel 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 Annexure A13 to this OA, it is proved that the defendants approached applicant for availing of the loan facilities, which were granted to them and for that they had executed all the relevant documents in favour of the bank. The defendants failed to pay back the loan as per terms and
