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 the defendants and they were proceeded ex-parte vide order dated 17.04.2026. 7. In support of the OA, affidavit of Sh. Sandeep Kumar, Manager/Authorized Signatory, Axis Bank Ltd, has been filed. 8. Heard ex-parte arguments and perused record. 9. It was argued by learned proxy counsel through Video Conferencing, that in view of the documentary evidence brought on record which had gone unrebutted, the applicant had proved its case. From the perusal of all the Annexures A1 to A15(colly) to this OA, it is proved that the defendant nos. 1 to 3, approached applicant for availing of the loan facility, which was granted to them. Defendant no. 4 stood as Guarantor. All defendants had executed all the relevant documents in favour of the bank. The defendants failed to pay back the loan as per terms and conditions of the agreement between the parties. Subsequently, the account of the defendants was classified as NPA. From the documentary evidence brought on record, it is proved that applicant is entitled to recover a sum of Rs.25,80,916.22 (Rupees Twenty Five Lacs Eighty Thousand Nine Hundred Sixteen and Paise Twenty Two Only) along with interest from the defendants, jointly and severally, from the date of filing of the present Original Application till realization of the accounts. 10. In so far as pendent elite and future rate of interest is concerned, the applicant has claimed interest @11.50% p.a. (ROI as per Sanction letter, which is Annexure 10 in this OA) with half yearly rests from 26.11.2023 till the realization.
