SIMPLE
DEED OF INDEMNITY [CD1]
THIS DEED
of indemnity is made at…………………on this…………………day of…………20…... by A, son of
Shri………………… resident of………………… (hereinafter referred to as "the
claimant" which expression, shall unless repugnant to the context or
meaning thereof include his heirs, successors, legal representatives and
executors) in favour of MTNL Ltd., a company incorporated under the Companies
Act, 1956 and having its registered office at…………………; (hereinafter referred to
as"the MTNV, which expression, shall unless repugnant to the context or meaning
thereof include its Successors and Assigns).
WHEREAS
(1)The
claimant has represented to the …………………MTNL, that the claimant has lost……….%
MTNL Bonds for Rs ………………… (Rupees .................... ), full particulars
whereof are set forth in the Schedule hereunder written (which bonds are hereinafter referred to as "the lost
bonds") and that the claimant is still the true and lawful owner of the
lost bonds.
(2)
The claimant has applied to
the MTNL for issue of duplicate bonds (hereinafter referred to as
"duplicate bonds") in its favour, in
place of the lost bond
(3)
MTNL has agreed to issue the
duplicate bonds to the claimant, subject to the claimant furnishing indemnity
for Rs . .........................
NOW THIS INDENTURE
WITNESSETH THAT in consideration of the MTNL agreeing
to issue the duplicate bonds, the claimant agrees and undertakes that he shall
indemnify and keep indemnified the MTNL to the extent of Rs ………………… from and
against all claims, demands actions,
proceedings, losses, damages, recoveries, judgments, costscharges and
expenses which may be made or brought or commenced against the MTNL or which
the MTNL may or may have to bear, pay or suffer, directly or indirectly
(a)
in respect of any of the
lost bonds;
(b)
in the event of and in
respect of issue of duplicate bonds;
(c)
in the event of and in
respect of interest which the MTNL has to pay to the claimant in respect of the
lost bonds;
(d)
in connection with any other
matters arising upon or by virtue of these presents.
The
Schedule hereinabove referred
WITNESSES Signed
and delivered by A the within named claimant
1 2
.
.........................
Signature
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