Security Bond By Debtor (section 21 Of The Provincial Insolvency Act) Legal Draft Template
| Category | Agreements Bonds |
| Format | |
| File name | Security Bond by Debtor (Section 21 of the Provincial Insolvency Act) |
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Industry-standard template for reference. Adapt it with DraftPilot (AI copilot), compare clause-by-clause in our comparison workspace, or download and edit offline. Consult a qualified advocate before filing or execution.
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Know
All Men that we, KC, r/o ., and Mr. KC , s/o Mr. DS, r/o ..
(Surety for Mr. KC) bind ourselves jointly and severally to the Insolvency
Court of Shri RS, Judge for payment of RsSignatureDebtorSignature..SuretyWhereas
Mr. KC has been ordered by the said Insolvency Court to give reasonable
security for appearance before the Court until further orders are passed on the
insolvency petition filed by him (or, his creditor)And
whereas said Mr. KC has agreed to be surety of the said Mr. KC.Now the
Condition of This Bond is as Under:-The
condition of the above obligation is that if said Mr. KC appears before the
Court when he is called by the Court, the above written bond shall be otherwise
it shall remain in full force.We
the above noted parties have signed this bond on thisday ofat Varanasi
after fully understanding the contents of this bond, in the presence of the
following witnesses.1.
Name. SignatureAddress..
Debtor2.
Name. Signature..Address.
Surety