Therefore, opportunity to file WS by defendant was closed and defense was struck of vide order dated 16.06.2026. 7. In support of the OA, affidavit of Sh. Sachin Kumar, Manager, Punjab Gramin Bank, has been filed. 8. Heard ex parte arguments and perused record. 9. It was argued by learned counsel for applicant through video conferencing, that in view of the documentary evidence brought on record, the applicant had proved its case. Learned counsel for defendant was present but he did not advance any arguments on OA. From the perusal of all the Annexures A1 to A9 to this OA, it is proved that the defendant approached applicant for availing of the KCC Limit and Term Loan, which were granted to him and for that he had executed all the relevant documents in favour of the bank. However, The Term Loan has been adjusted and closed by the defendant. The defendant failed to pay back the KCC Limit as per terms and conditions of the agreement between the parties. Subsequently, KCC Limit account of the defendant was classified as NPA. From the documentary evidence brought on record, it is proved that applicant is entitled to recover a sum of Rs.22,20,682.00 (Rupees Twenty Two Lacs Twenty Thousand Six Hundred Eighty Two only), along with interest from the defendant, from the date of filing of the present Original Application till realization of the amount. 10. In so far as pendent elite and future rate of interest is concerned, the applicant in relief clause has claimed interest @12.00% p.a. plus 2.00% p.a. penal interest from 01.06.2025 till the realization. The Tribunal is of the considered opinion that sometimes in appropriate cases the prerogative of mercy is the brightest jewel in the crown of the Judge. Keeping in view the facts and circumstances of the instant case including nature of the mortgaged property, undertaking of the defendant, quantum of loan and prevalent market rates of interest which have gone drastically downhill in yester years, while exercising
