J.M. Malik, Chairperson—This appeal has been preferred against the judgment dated 16.3.2005 pronounced by the DRT, Lucknow, wherein the respondent-bank was found entitled for issuance of recovery certificate to the tune of Rs. 47,67,628/- as on 15.7.2001 together with pendente lite and future interest @ 17.75% per annum with quarterly rest on term loan and Open Cash Credit facility and pendente lite and future interest @ 18.75% per annum, with quarterly rest in respect of temporary overdraft facility on and from 16.7.2001 till full realization is made from the appellants/defendants. Although, the instant appeal has been filed by four abovesaid appellants/defendants, yet, the arguments were mainly advanced for and on behalf of Smt. Manorma Jaiswal, who has been arrayed as appellant No. 4 in this appeal.

2. I have heard the Counsel for both the parties and have perused the written submissions filed on behalf of the appellants. The principal argument urged the Counsel for the appellants was that appellant No. 4 is not the guarantor of the main borrower Black Ocean Chem India Pvt. Ltd. The attention of the Court was invited towards page No.7 of the original application, where t