Documents executed: DP Note and Power of Attorney, both dated 13.07.2021, which are Annexure A6 and A7 to this OA; DP Note and Power of Attorney, both dated 25.01.2023, which are Annexure A10 and A11 to this OA; DP Note and Power of Attorney, both dated 17.05.2023, which are Annexure A15 and A16 to this OA; DP Note and Power of Attorney, both dated 05.01.2024, which are Annexure A20 and A21 to this OA; DP Note and Power of Attorney, both dated 27.03.2024, which are Annexure A26 and A27 to this OA; Loan Recall Notice dated 08.01.2026, which is Annexure A31 to this OA and Statement of Accounts, which are Annexure A32 to A41 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 were a debit of Rs. 1,25,14,526.48 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 20.04.02026. 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.
