Deed of Trust for the Purpose of Paying Debts
| Updated at | March 2010 |
This deed of trust made this ............... day of ............... 2000 between Anil Biswasson of .................. (hereinafter called the debtor) of the First Part and Chirag Desai son of ........................ andEapen Patelson of .................. (hereinafter called the trustees) of the Second Part, Gaurav Hanvelson of ............... (hereinafter called the creditor) of the Third Part.
Whereas the said Anil Biswasis truly and justly indebted to the said Chirag Desai in the sum of Rs.8 lakhs only for which the latter has served the former with legal notice and intends to institute a suit for recovery of the said sum with costs and interest.
And whereas the said Anil Biswas having at present no means nor any further resource to liquidate the said loan approached the said Gaurav Hanvel for time and accommodation to pay up the said debt by instalments which the said Gaurav Hanvelhas agreed to grant only if adequate arrangement is forthwith made to secure regular payments of instalments and for preservation of the assets of the...
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