From perusal of records I find that the cause of action for the present application arose on 23-6-2006 when the applicant sanctioned Housing Loan of Rs.15,00,000/- to defendants 2 and 3, on the same day as security for the due repayment of the Housing Loan with interest, costs and charges, defendants 2 and 3 executed in favour of applicant Demand Promissory Note for the said sum of Rs.15,00,000/- and also executed other security documents and the guarantor 4th defendant has executed Letters of Continuing Guarantee. On the same day, the 3 defendant deposited the title deeds with applicant relating to her property morefully described in schedule I hereunder with intention to create equitable mortgage and oral ascent was recorded on 26-6-2006. On 31-12-2007, applicant sanctioned Car Loan of Rs.2,52,000/- to 2nd defendant and as security for the due repayment of the Car Loan, the 2nd defendant executed Demand Promissory Note for the said sum of Rs.2,52,000/- and also executed other security documents and hypothecated the car in favour of applicant. The guarantors defendants 3 and 6 have executed Joint and Several Letter of Continuing Guarantee. On 3-7-2008, applicant sanctioned Cash Credit Limit of Rs.9,75,000/- to 2nd defendant has been carrying on business as sole proprietor of M/s.Digital Graphix, the 1" defendant and as security for the due repayment of the Cash Credit, the 2nd defendant as sole proprietor of 1" defendant executed Demand Promissory Note for the said sum of Rs.9,75,000/- and also executed other security documents and the guarantor 5th defendant has executed Letter of Continuing Guarantee, the equitable mortgage already created by 3rd defendant was extended on 3-7-2008 for the cash credit limit of Rs.9,75,000/granted to defendants 1 and 2. Several payments were made by defendants 1, 2 and 3 in the Housing loan account, Car Loan account and Cash Credit account
