Documents executed: DP Note, Letter of Waiver, Letters, Undertakings, Form no. 122, Consent Letters, Form no. 126, Form no. 216, Loan Agreement, Letter of Continuity and Guarantee Deeds, all dated 22.07.2016, which are Annexure A4 to A14 and A16 to A22 to this OA; Revival Letters dated 11.06.2019, 14.12.2021 and 15.06.2023, which are Annexure A26 to A28, A39 and A45 to this OA; DP Note, Term Loan Agreement, Form no. 106, Form no. 103/291/412, Form no. 199, Form no. 200 and Form no. 216, all dated 16.06.2020, which are Annexure A31, A32 and A34 to A38 to this OA; Term Loan Agreement dated 10.11.2021, which is Annexure A43 to this OA; Legal Notice dated 12.11.2024, which is Annexure A46 to this OA; Recall Notice dated 15.05.2026, which is Annexure A47 to this OA and Statement of Accounts with certificates, which are Annexure A48 to A53 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. 32,16,897.42, 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 21.07.2026. 7. In support of the OA, affidavit of Smt. Harjit Kaur, Chief Manager, Punjab and Sind Bank has been filed. 8. Heard ex-parte arguments and perused record. 9. It was argued by learned counsel 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 Annexure A1 to A53 to this OA, it is proved that defendant no. 1 through its Proprietor defendant no. 2 approached applicant for availing of the loan facilities which were
