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Counter Guarantee in favour of a Bank

Document Cited in Related
Vincent
Updated atMarch 2010

............... Bank

In consideration of.............. Bank having at our request stood as surety for and guaranteed payment of a sum of Rs.......... to the Registrar of............. Court in terms of guarantee dated this................ day of................ 1999 executed by the bank in his favour in Suit No.......... of (Cause title) in the circumstances mentioned in the said bond weGaurav PandeyandAnil Kumarof ..................... do hereby covenant and agree by way of counter guarantee that we shall always remain jointly and severally liable to pay and reimburse the Bank or its successor in business to the extent of Rs........... and or any other sum or sums as may be due and owing to the bank or its successor in business on that account inclusive of interest and costs, charges and expenses incurred and to indemnify and keep the bank indemnified against all such payments and all costs, charges and expenses which the bank shall incur or otherwise suffer by reason thereof.

We further declare that this guarantee unless we are otherwise relieved from its performance or non-performance by Statute or adjudication of any court of competent jurisdiction...

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