Security Bond To Be Given During The Pendency Of Appeal. (o.41, R.6 Legal Draft Template

<h2>ToTHIS </h2>security bond on stay of execution of decree executed by witnessed:--That,

the plaintiff in Suit No............. of ........19............ Having sued,

the defendant, in this Court and a decree having been passed on the

.........day of......... 19..... in favour of the plaintiff and the defendant

having preferred an appeal from the said decree in the Court, the said appeal

is still pending.Now

the plaintiff decree-holder has applied for execution of the said decree and

has been called upon to furnish security. Accordingly I, of my own free will,

stand security to the extent of Rs..........., mortgaging the properties

specified in the schedule hereunto annexed, and covenant that if the decree of

the first Court be reversed or varied by the Appellate Court, the plaintiff

shall restore any property \which may be or has been taken in execution of the

said decree and shall duly act in accordance with the decree of the Appellate

Court and shall pay whatever may be payable by him there under, and if he

should fail therein then any amount so payable shall be realized from the

properties hereby mortgaged, and if the proceeds of the sale of the said

properties are insufficient to pay the amount due, I and my legal

representatives will be personally liable to pay the balance. To this effect I,

execute this security bond this...........day of .......19....Schedule(Signed.)Witnessed

by1.2.