Documents executed: Demand Promissory Note dated 05.12.2022, which is Annexure A5 to this OA; Power of Attorney dated 05.12.2022, which is Annexure A6 to this OA; Demand Promissory Note dated 19.09.2023, which is Annexure A10 to this OA; Power of Attorney dated 19.09.2023, which is Annexure A11 to this OA; Loan Recall Notice dated 23.12.2025, which is Annexure A12 to this OA; Statement of Accounts, 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 loan accounts, there was a debit of Rs.34,21,773.26 (Rupees Thirty Four Lac Twenty One Thousand Seven Hundred Seventy Three and Paise Twenty Six 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 23.07.2026. 7. In support of the OA, affidavit of Sh. Rakesh Kumar , Manager, Kotak Mahindra Bank Limited, h as 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.
