agreed to repay along with interest. The defendants hypothecated the machinery as mentioned in schedule to OA and executed supplementary hypothecation and personal guarantee in favour of Applicant bank. The defendants mortgaged the schedule property and executed necessary documents in favour of applicant bank. It is submitted by the Applicant bank that the Defendants availed the said loan facilities and failed to keep up the repayment schedule, as such the account was classified as NPA. Inspite of demands made by Applicant the defendants have not regularized the account, so the Applicant bank issued legal notice dated L7.07.2025, but the defendants did not come forward to repay the same. The total claim of Applicant against defendants is of Rs.1,94 ,58,817.47ps (Rupees One Crore Ninety Four Lakhs Fifty Eight Thousand Eight Hundred Seventeen and paise forty seven only ) (term loan+ working capital + GECL-I.O and GECL 1.O Extn and OCC loan accounts) with future interest @ 12.00o/o p.a, @ 11.85o/op.d, @12.75o/op.a respectively from date of filing of OA till the date of realization. Hence the OA.
