Court Drafts
  • Home
  • About
  • Contact
  • Privacy
  • Home
  • Select Language
  • _English
  • _Hindi
  • _Marathi
  • Buy English Drafts
  • Buy Hindi Drafts
  • Buy Marathi Drafts
  • Ask for New Offers
  • All Categories
HomeGuaranteeBank Guarantee

Bank Guarantee

Admin July 28, 2021
Bank Guarantee[CD1] 

 

FROM:

EAST WEST BANK OF INDIA

(Full address of the branch)

 

To,

PDP INDIA PRIVATE LIMITED

(Full address)

(i)     Guarantee No.:—

(ii)    Amount of Guarantee:— Rs.___________/- (Rupees _________________ only).

(iii)   Guarantee        covered     from ______      day   of      ________ 

200 to day of 200 . .

(iv)   Last date of lodgment of claim _______________.

 

THIS BANK GUARANTEE is executed by the East West Bank of India, having its central office at ___________________________ ____________ and amongst other places a branch at ___________________ (hereinafter referred to as “the Bank”) in favour of PDP INDIA PRIVATE LIMITED (hereinafter referred to as the “the Beneficiary”) for an amount not exceeding Rs.____________/- Rupees _______________ _________ only) at the request of M/s. XYZ INDIA PRIVATE LTD. (hereinafter referred to as “the principal”)

WHEREAS:—

(a)    M/s. XYZ INDIA PRIVATE LTD., the principal, have agreed with M/S. PDP INDIA

PRIVATE LIMITED, the Beneficiary, to transfer its property situate at _____________________________ _________ to them (hereinafter referred to as “the said property”).

(b)    It is also agreed between the principal and the Beneficiary that if any transfer charges on account of the transfer of the said property are required to be paid to __________________________, the same shall be paid by the Principal alone.

(c)    It is further agreed between the Principal and the Beneficiary that to safeguard the interest of the Beneficiary against the demand of such transfer charges, the Principal shall obtain a Bank Guarantee of an amount of Rs._____________/- (Rupees _________________________________ only), being the expected transfer charges, in favour of the Beneficiary.

(d)    Pursuant to the request of the Principal, the Bank has agreed to issue the present

Bank       Guarantee in      favour        of  the Beneficiary.

NOW THIS GUARANTEE WITHNESSETH AS FOLLOWS:-

1.      In consideration of the aforesaid, we irrevocably and unconditionally guarantee and undertake to pay as primary obliger and not merely as surety a sum not exceeding Rs.____________/- (Rupees __________________________________ only) to _______________________ immediately on demand by the Beneficiary without demur PROVIDED the Beneficiary stating to the Bank in writing within the prescribed period that the said amount is due by way of transfer charges on account of transfer of the said property by the Principal to the Beneficiary and the Principal

has failed to pay the same.

2.      The decision of the Beneficiary as to whether the Principal has failed to pay the said transfer charges to _______________________________ shall be final and binding on the Bank.

3.      NOTWITHSTANDING anything contained herein, it is recorded and confirmed that:—

(i)     Our liability in any case and in no circumstances shall exceed Rs.____________/- (Rupees __________________only).

(ii)    We shall be liable to pay provided if a written claim or demand is lodged with the Bank on or before ______________ and not otherwise.

(iii)   This Bank Guarantee shall be valid only upto __________. No claim and/or demand shall be entertained thereafter.

(iv)   This Bank Guarantee is not negotiable.

(v)    This Bank Guarantee shall stand cancelled/discharged with effect from _______________________, whether or not the original bank guarantee is returned to us.

4.      We shall not revoke this guarantee during its validity period except with the previous consent of the Beneficiary.

5.      All the disputes related to the present bank guarantee shall be subject to jurisdiction of court of ____________________ only.

 

Dated this ____________ day of _________________ 200__.

 

                                    FOR EAST WEST BANK OF INDIA

 

Witness:                                                

                                             DEPUTY MANAGER/

        ASSISTANT GENERAL MANAGER     Seal


 [CD1]Bank Guarantee

  
Guarantee
Reactions

You may like these posts

Post a Comment

0 Comments

Thank you for your response. It will help us to improve in the future.

Categories

  • ACKNOWLEDGMENT (28)
  • ADOPTION (48)
  • Affidavit (149)
  • Agreement (334)
  • Appeal (55)
  • Application (19)
  • Appointment (54)
  • Apprenticeship (18)
  • Arbitration (179)
  • Assignment (88)
  • Bails (49)
  • Banking (156)
  • Bond (59)
  • Bonds (146)
  • Breach of Contract (6)
  • Business (38)
  • COMPANY lAW (286)
  • Caveat (2)
  • Civil Pleading (593)
  • Co-Operative Society (15)
  • Complaint (1)
  • Composition Deed (27)
  • Compromise & Family Settlements (13)
  • Consumer Law (48)
  • Consumer Protection Act (7)
  • Consumer protection Act (8)
  • Contract Law (21)
  • Conveyancing (57)
  • Copyrights (20)
  • CrPC Forms (57)
  • Criminal Law (213)
  • DELAY CONDONATION (3)
  • Damages (60)
  • Deed (16)
  • Dishonour of Cheque (16)
  • Divorce (16)
  • Domestic Violence (8)
  • Double Taxation Agreements (81)
  • Easements (29)
  • Employment Agreements (15)
  • Evidence (1)
  • Exchange (16)
  • Execution Petition (1)
  • Family Collaboration and Joint Venture (2)
  • Family Foreign Collaboration (1)
  • Family Law (16)
  • Foreign Collaboration (20)
  • Franchisee (6)
  • Gift (71)
  • Guarantee (29)
  • Guardianship (27)
  • HIRE PURCHASES (26)
  • Hire Purchase (45)
  • INJUNCTION (48)
  • Income Tax (1)
  • Indemnity (37)
  • Information Technology (5)
  • Infrastructure Development and Financing (13)
  • Insolvency (13)
  • Intellectual Property Rights (23)
  • Interlocutory Applications (1)
  • Labour Law (44)
  • Lease (29)
  • Lease Licence and Lease Financing (98)
  • Licence (10)
  • Maintenance (38)
  • Marriage (65)
  • Medical Form (1)
  • Memorandum of Understanding (6)
  • Mentally ill-Disabled person (7)
  • Miscellaneous Agreements (180)
  • Mortgage and Pledge (63)
  • Motor Accident Claim (30)
  • NOC (14)
  • Negotiable Instruments Act (38)
  • Notices (122)
  • Partition (29)
  • Partnership (41)
  • Petition (2)
  • Posts (28)
  • Power of Attorney (104)
  • Promisory Notes (1)
  • Public Interest Litigation (2)
  • Receipts (25)
  • Rectification (7)
  • Release (30)
  • Rent (22)
  • Rescission (8)
  • Resolutions (44)
  • Revenue (5)
  • Revision (1)
  • Rules & Skills (1)
  • Sales (69)
  • Service Cases (30)
  • Shipping Agreement (13)
  • Shopping (1)
  • Shopping Agreement (4)
  • Sole Selling Agency (13)
  • Stay (25)
  • Surrender (13)
  • Testamentary (12)
  • Torts (15)
  • Trademarks (7)
  • Transport (8)
  • Trusts Agreements (37)
  • Vakalatnama (4)
  • Will-Deed (48)
  • Writ (21)
  • Written Statement (1)
  • classification of offences (1)
  • compensation (28)
  • debt (65)
  • industrial dispute (1)
  • minimum wages (1)
  • other (9)
  • plaint (60)
  • principle (3)
  • relinquishment (5)
  • specific (6)
Court Drafts

Free court drafts offer legal professionals templates and examples for drafting legal documents and pleadings, saving time and resources.

Footer Menu Widget

  • Home
  • About
  • Contact Us
  • Privacy
  • Term and Conditions
  • Return and Refund Policy
  • Shipping and Delivery
  • FAQ's
  • Cancellation Policy
Designed with by Court Drafts | Distributed By Court Drafts
Court Drafts
Hello, How can I help you? ...
Click here to start the chat...