(i) House No. 82, measuring 258 sq. yards (8-1/2Marla) situated at Deep Nagar, Rakba Village Jhill, Patiala, Punjab (ii) House No. 4, measuring 146.66 sq. yards (5Marla) situated at Street No. 3, Deep Nagar, Rakba Village Jhill, Patiala, Punjab However, as per the OA the above properties stand sold by the applicant in proceedings under SARFAESI Act. Documents executed : Mortgage Loan Agreement dated 16.05.2016, 26.03.2016, which are Annexure A4 to this OA; Demand Notice dated 27.11.2019 u/s 13(2) of SARFAESI Act, along with newspaper publication, which is Annexure A5 to this OA; Legal Notice dated 05.10.2023, which is Annexure A6 to this OA; Statements of Accounts of Accounts, which is Annexure A7(Colly) 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.64,22,578.70, 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 notices to appear before this Tribunal but no one appeared on behalf of defendants and they were proceeded ex-parte vide order dated 05.12.2025. 7. In support of the OA, affidavit of Sh. Farid Ahmed, Manager Legal, IDFC First Bank Ltd. has been filed.
