(iv) Tata Signa 5530 bearing Registration No. HR58E0532, Engine No. 52D95512693, Chassis No. MAT828113SAD07764 vide Virtual Registration Certificate, which is Annexure A24 to this OA. Documents executed: Demand Promissory Notes, Powers of Attorney, dated 04.10.2023, 27.05.2024, 24.01.2025, 19.05.2025, which are Annexures A6, A7, A12, A13, A18, A19, A22 & A23 to this OA; Legal Notice dated 19.12.2025, along with postal receipts, which is Annexure A25 to this OA; Statement of Accounts along with certificates, which are Annexures A26 to A30 to this OA. 5. The loan accounts became irregular and were classified as NPA and after adjusting debit and credit entries in the loan accounts there was a debit of Rs.1,47,57,064.21, 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 29.07.2026. 7. In support of the OA, affidavit of Sh. Rakesh Kumar , Manager, Kotak Mahindra Bank Limited has 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 bank had proved its case. From the perusal of all the Annexures A1 to A30 to this OA, it is proved that the defendant no.1 through its proprietor defendant no. 2 and defendant no. 2 in his individual capacity approached applicant for availing of loan facilities which were granted to them, defendant no. 3 stood as guarantor and for that they had executed all the relevant documents in favour of the bank. The defendants failed to pay back the loans as per terms and conditions of the agreement between the parties. Subsequently, loan accounts were classified as NPA. From
