(ii) Mahindra Blazo 42 along with its body bearing Registration No. PB65BD9745 Engine No. VDNZM16909, Chassis No. MA1PHARHFN6M74960 vide Tax Invoice dated 08.02.2023 and Virtual Registration Certificate, which are Annexures A9 & A10 to this OA. Documents executed: Demand Promissory Notes, Powers of Attorney, dated 30.09.2024, 05.03.2023 which are Annexures A6, A7, A12 & A13 to this OA; Legal Notice dated 19.12.2025, along with postal receipts, which is Annexure A14 to this OA; Statement of Accounts along with certificates, which are Annexures A15 to A17 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.42,24,809.84, 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 A17 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 Term Loan Facility I, which was granted to them, defendant no. 3 stood as guarantor and the defendant no.1 through its proprietor defendant no. 2 and defendant no. 2 in his individual capacity approached applicant for availing of Term Loan Facilities II &
