institute the Original Application vide Power of Attorney dated 24.08.2023, which is Annexure A1 to this OA. 2. The brief facts of the OA are that defendants approached the applicant for grant of KCC Limit of Rs. 8.40 Lacs and OD Limit of Rs.28.40 Lacs vide Loan Application dated 18.03.2023, which is Annexure A2 to this OA. 3. The applicant sanctioned KCC Limit of Rs. 8.40 Lacs and OD Limit of Rs. 28.40 Lacs vide Sanction Letter dated 28.03.2023, which is Annexure A3 to this OA and the terms and conditions were duly accepted by the defendants. 4. Defendants mortgaged their immovable property i.e. Land measuring 102K 06M situated at Village Baler/141, Tehsil Bhikhiwind, District Tarn Taran, Punjab vide Declaration u/s 4 (1) of the Punjab Agricultural Credit Operation and Miscellaneous Provisions (Banks) Act, 1978 dated 28.03.2023, which is Annexure A9 to this OA. Defendants hypothecated their crops grown or to be grown/harvested crops vide Loan cum Hypothecation Agreement dated 06.04.2023, which is Annexure A4 to this OA. Documents executed: DP Notes and Waiver Letters, all dated 06.04.2023, which are Annexure A5 to A8 to this OA; Legal Notice dated 20.01.2025 along with its postal receipts, which is Annexure A10 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. 41,03,867.36, 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 08.06.2026. 7. In support of the OA, affidavit of Sh. Nitish Aggarwal, Legal Manager, Axis Bank Ltd. has been filed. 8. Heard ex-parte arguments and perused record. 9. It was argued by learned proxy counsel, who appeared through Video Conferencing that in view of the documentary evidence brought on record which had gone unrebutted, the applicant bank had proved its case.
