Combine Harvester, vide Loan Application Form (Term Loan) dated 31.08.2023, which is Annexure A2 to this OA. 3. The applicant sanctioned the Term Loan of Rs. 23.40 Lacs vide Letter of Arrangement dated 06.10.2023, which is Annexure A3 to this OA and terms and conditions were duly accepted by the defendant. 4. Defendant hypothecated his Combine Harvester that’s PREET COMBINE HARVESTER Model No. 987D, Engine No. PEHM118612, Chassis No. PTC0920237493, vide Hypothecation Agreement dated 06.10.2023, which is Annexure A4 to this OA; Copies of Sale Certificates dated 29.08.2023 and Invoice dated 12.10.2023, which are Annexure A5 to this OA. Documents executed : Legal Notice dated 18.08.2025, which is Annexure A6 to this OA; Statement of Account duly certified, which is Annexure A7 to this OA. 5. The account became irregular and was classified as NPA and after adjusting debit and credit entries in loan account, there was a debit of Rs.21,56,664.00 (Rupees Twenty One Lacs Fifty Six Thousands Six Hundred Sixty Four only), which is recoverable and the defendant was served recall notices but he did not repay the outstanding amount, therefore, the applicant requested to accept the application and to issue Recovery Certificate accordingly. 6. The defendant was served summons to appear before this Tribunal and no one appeared on behalf of defendant. Hence, he was proceeded ex-parte on 20.06.2026. 7. In support of the OA, affidavit of Sh. Naresh Kumar Rattan , Chief Manager, State Bank of India, has been filed. 8. Heard ex parte arguments and perused record. 9. It was argued by learned proxy 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 A7 to this OA, it is proved that the defendant approached applicant for availing of the Term Loan, which was granted to him and for that he had executed all the relevant documents in favour of the bank. The defendant failed to pay
