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 Indemnity Bond
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ANNEXURE "C"
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STAMP PAPER OF Rs.100/-
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I Shri/Smt._______________________, intending transferee aged ________ years, occupation _____________ resident of ______________________________________ do hereby solemnly affirm and state on oath as follows :
The Apartment/Flat/Plot/Shop No.________ in sector ________ of _____________ Node, Navi Mumbai is agreed to be leased or granted lease by the City & Industrial Development Corporation of Maharashtra Ltd.,(hereinafter for the sake of brevity referred as "the Corporation") to Shri/Smt _______________________________________ original leasee for the purpose of residential/commercial or other purposes. The lease granted is valid for the period from _____________ to ______________.
The Original Intending Lessee/Lessee agreed to transfer the above described property in my favour and accordingly/executed Agreement to Sell on ________ and also Power of Attorney on ______________. On the basis of these two documents executed by original Intending Lessee/Lessee, I am in lawful possession of the said property. However, at that time we did not seek the prior permission of the Corporation for effecting the transfer in my fovour.
In order to transfer legally the said property, I am aware that the transfer application is required to be singed by the original Intending Lessee/Lessee. However, inspite of my best efforts, I am not able to find out his whereabouts. Therefore, the sale transaction concluded between myself and him remains incomplete for want of transfer permission by the Corporation.
Taking into consideration, the aforesaid facts and circumstances, I have made request to the Corporation to allow the transfer in my favour on the basis of Agreement to sell and Power of Attorney. The Corporation is kind enough to consider my request subject to the condition that in case the Corporation allowed to transfer leasehold rights of the aforesaid property on the basis of Agreement to Sell and Power of Attorney, if any claim for damages arises from the original Intending Lessee/Lessee or from anybody else in his behalf or from third party, the Corporation is to be indemnified. This condition is free from legal objection and therefore I am ready and accept willingly and voluntarily. In case any such subsequent form such claims. hence this declaration of oath.
Deponent
Identified by :
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