(ii) TATA SIGNA 3530 bearing Registration No. HR68C9914, Engine No. B6.7B62300D03142G64396583, Chassis No. MAT569002R3G19927 vide Tax Invoice dated 31.07.2024 and Virtual Registration Certificate, which are Annexures A8 & A9 to this OA. Documents executed: Demand Promissory Note, Power of Attorney, both dated 05.04.2024, which are Annexures A6 & A7 to this OA; Demand Promissory Note, Power of Attorney, both dated 05.08.2024, which are Annexures A12 & 13 to this OA; Legal Notice dated 15.01.2026, along with postal receipts, which is Annexure A14 to this OA; Statement of Accounts, which are Annexures A15 & A16 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.72,10,530.45, 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 25.05.2026. 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 A16 to this OA, it is proved that the defendant no.1 through its proprietor defendant no. 2 and defendant no. 2 in individual capacity approached applicant for availing of the Term Loan facility I, which were granted to them, defendant no. 3 stood as guarantor & the defendant no.1 through its
