in loan account numhr CV-21400969against hypothecated vehicle no.UP17AT4079. Inorder to secure the credit facility availedin respect of Loan (I), the defendant nos.1 & 2 executed allnecessary loaning documents on19.07.2021.In order to further secure the loan(I) advancedby the applicant bank to the defendant no.1 and2, defendant no.3 had made themself liable asguarantorand has duly signed and executd the loan-cum-guaranteeagreementsdated Lg.O7.2O2L. Again, atthe request of defendantnos'1 & 2, the applicantbank sanctioned a Emergency Credit GuaranteeLine Guarantee Scheme(ECGLS)of Rs.4,32,300/-,videsanctionletter dated 23.06'2020' The financial facilitiesmentioned hereinaboveand granted under the ECLGSto the defendantnos'l & 2 by the applicantbank is to be referred as Loan (II)' In order to avail theECLGS facility, the borrower executed allnecessaryloaning documents on 06.07.2020. defendantno.l and 2 by executing the loaning and securitydocumentsas mentionedabove had extended asecond charge in favour of the applicant bankover the commercialvehicle purchased out of the loanproceeds of loan(I) for securing the repayment of theloan (II) as well, the said charge with ranking secondwith existing charge createdfor loan(I). the FinancialFacilities granted to the defendant no.1 and2 underloan (II) was lent and advanced underthe special scheme of ECLGSas announced by theMinistry of Finance, Governmentof India with the100o/oguarantee backed from the National Credit GuaranteeTrusteeCompany(NCGtrC) to the applicant bank.However, even if the flnancial facilities is 100o/oguaralteebacked from the NCGTC,
