(To be typed on Rs.

200/- stamp paper)

INDEMNITY BOND

THIS DEED OF INDEMNITY made at Mumbai this ______ day of ______ 2008
between_______________________________________________________.,
hereinafter referred to as the Party (which expression shall unless it be
repugnant to the context or meaning thereof be deemed to mean and include
their heirs, Legal representatives, successors and assigns) of the ONE PART and
BANK OF INDIA an associate of Bank of India, a body Corporate, constituted
Under the Banking Companies (Acquisition )& transfer of Undertakings) Act,
1970, having its Head Office at Star House, C/5, G-Block, Bandra Kurla
Complex, Bandra East, Mumbai 400 051 and amongst its other branches, a
Branch known as Bank of India, Parel Branch represented by its Branch
Manager, hereinafter referred to as the Party (which expression shall include
their successors, assigns and Legal Representatives) of the OTHER PART.

WHEREAS the party of the ONE PART has availed from the Party of the

OTHER PART housing loan to the extent of _________________ (Rupees

_________lacs Only) on various terms and conditions and against equitable

mortgage of their immoveable property viz.__________________________.

(hereinafter referred to as the said property) and more particularly described in

the schedule attached to this Deed of Indemnity.

The party of the OTHER PART has requested the party of the ONE PART to
execute this Deed of Indemnity as hereinafter provided.

NOW THIS INDENTURE WITNESSETH AS FOLLOWS :

THE party of the ONE PART hereby declares that the said property is free from
all encumbrances and further shall absolutely, irrevocably and fully indemnifies
and will at all times hereinafter keep indemnified, saved and defended and
harmless the party of the OTHER PART, their successors & assigns in respect of
and against all claims, demands, rights, actions initiated by any 3 rd part against
the party of the ONE PART or the party of the OTHER PART and in respect of
and against all losses, payment, damages, costs, charges, expenses, liabilities of
whatever kind and nature incurred / sustained by the party of the OTHER PART
or which the party of the OTHER PART may howsoever and whenever suffer,
 2

sustain in or be exposed to by means of any third party setting up any rights,

title or interest against the said property.

THE above said Indemnity Bond is executed to safeguard the interest of the
party of the OTHER PART.

IN WITNESS WHEREOF the party of the ONE PART have herein to set and
subscribed their hands and seal this day and year herein above written.

SIGNED, SEALED AND DELIVERED by )

Within named “PARTY OF THE ONE PART” )

in the presence of.. … … )

1)

2)
 3

(To be typed on Rs. 200/- stamp paper)

INDEMNITY BOND

THIS DEED OF INDEMNITY made at Mumbai this ______ day of _______

2008
between_______________________________________________________.,
(which expression shall unless it be repugnant to the context or meaning thereof
be deemed to mean and include their heirs, Legal representatives, successors
and assigns) of the hereinafter referred to as the PARTY OF THE ONE PART
and Indian Bank, a body Corporate, constituted Under the Banking Companies
(Acquisition & transfer of Undertakings) Act, 1970, having its Head Office at
no:66 Rajaji Salai, Chennai and amongst its other branches, a Branch office
knownas Indian Bank Mathunga Branch represented by its Branch Manager,
(which expression shall include their successors, assigns and Legal
Representatives) hereinafter referred to as the PARTY OF THE OTHER PART.

WHEREAS the party of the ONE PART has availed from the Party of the
OTHER PART Bank Guarantee facility to the extent of _________________
(Rupees _________lacs Only) on various terms and conditions and against
equitable mortgage of the immoveable property viz.
_______________________(hereinafter referred to as the said property) owned
by Mr Girish Shyamji Chheda, one of the partner of the Party of the First Part .

The party of the OTHER PART has requested the party of the ONE PART to
execute this Deed of Indemnity as hereinafter provided.

NOW THIS INDENTURE WITNESSETH AS FOLLOWS :

The Party of the ONE PART hereby declares that the Development rights on the
land on which premises to be mortgaged to the Bank is constructed is
transferred in the name of Silver Developers in which Party Of the One Part is
the Proprietor.Silver free from all encumbrances and further shall absolutely,
irrevocably and fully indemnifies and will at all times hereinafter keep
indemnified, saved and defended and harmless the party of the OTHER PART,
their successors & assigns in respect of and against all claims, demands, rights,
actions initiated by any 3 rd part against the party of the ONE PART or the party
 4

of the OTHER PART and in respect of and against all losses, payment,
damages, costs, charges, expenses, liabilities of whatever kind and nature
incurred / sustained by the party of the OTHER PART or which the party of the
OTHER PART may howsoever and whenever suffer, sustain in or be exposed to
by means of any third party setting up any rights, title or interest against the
said property.

THE above said Indemnity Bond is executed to safeguard the interest of the
party of the OTHER PART.

IN WITNESS WHEREOF the party of the ONE PART have herein to set and
subscribed their hands and seal this day and year herein above written.

SIGNED, SEALED AND DELIVERED by )

Within named “PARTY OF THE ONE PART” )

in the presence of.. … … )

1)

2)