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Security Bond By Debtor (section 21 Of The Provincial Insolvency Act) - Legal Draft

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Category : Agreements Bonds

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


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