ix. Eicher Pro 6028TM G RMC bearing Registration no. PB65BL5784, Engine no. VEDX5395533K6P and Chassis no. MC2BAGRC0RH117603 vide Virtual RC, which is Annexure A22 to this OA; x. Aquarius Concrete Pump 1407D bearing Machine no. 2125257201 vide Deed of Hypothecation dated 31.03.2025, which is Annexure A27 to this OA; xi. Tata 407 bearing Registration no. PB65BL3798, Engine no. 4SPCR18BUX606859 and Chassis no. MAT804719S8B04113 vide Virtual RC, which is Annexure A28 to this OA. Documents Executed: DP Note and Power of Attorney, both dated 05.01.2023, which are Annexure A6 and A7 to this OA; DP Note and Power of Attorney, both dated 02.07.2024, which are Annexure A14 and A15 to this OA; DP Note and Power of Attorney, both dated 03.12.2024, which are Annexure A18 and A19 to this OA; DP Note and Power of Attorney, both dated 31.03.2025, which are Annexure A25 and A26 to this OA; Loan Recall Notice dated 19.01.2026, which is Annexure A29 to this OA and Statements of Accounts, which are Annexure A30 to A40 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. 2,25,16,031.17, which is recoverable and the defendants were served recall notice 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 h as been filed. 8. Heard ex-parte arguments and perused record. 9. It was argued by learned counsel that in view of the documentary evidence brought on record which had gone unrebutted, the applicant had proved its case.
