Security Bond by Debtor (Section 21 of
the Provincial Insolvency Act)[CD1]
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
Rs………………
Signature…………
Debtor
Signature………..
Surety
Whereas
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 this………day of………at Varanasi
after fully understanding the contents of this bond, in the presence of the
following witnesses.
1.
Name……….
Signature…………
Address……..
Debtor
2.
Name………….
Signature………..
Address……….
Surety
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