towards debt on 01.05.2011 and 31.05.2014. On 30.05.2020, a sum of ₹20,73,824/- was due from the defendants. Despite repeated requests, defendants did not make the repayment. Hence, the suit. 3. The Civil Court sent summonses to the defendants by registered post. After transfer of this suit, summonses were sent to the defendants which were duly served. However, they did not put in appearance. Vide order dated 23.08.2025, they were proceeded ex parte. 4. In order to prove its case, the Bank has placed on record the affidavit of Mr. Prashant B Vahulraje, Authorized Officer, along with the original loan and security documents. 5. I have perused the evidence on the record. I am of the considered view that the Bank has proved its case that it had advanced the loan of ₹2.00 Lacs and on 30.05.2020, a sum of ₹20,73,824/- was due. 6. Accordingly, the case of the bank for the recovery of ₹20,73,824/(Rupees Twenty Lacs Seventy Three Thousand Eight Hundred Twenty Four Only) with interest @13.50% per annum with monthly rests from 09.07.2020, till the date of payment is hereby allowed with costs. The liability of both the defendants would be joint and several. Bank can recover its dues by the sale of hypothecated assets fully detailed in para No.3(II) of the application as well as from the personal movable and immovable property(ies) of the defendants. 7. Pending IAs, if any, stand disposed of. 8. Recovery Certificate be issued accordingly. 9. Parties are directed to appear before Recovery Officer on 14.08.2026, who is directed to distribute the sale proceeds of the hypothecated assets as per the provisions of Section 19(20-AB) of the Act .
