indemnity bond in section 8 hindu minority and guardianship act | Indemnity bond of Rs. 1000000 |
IN THE COURT
OF A.C.J (SR. DIV.) ____________
Guardian Act Case No. .
Date of Institution:
Date of Decision:
Smt. ___________widow of Late Sh. ______________, age
about 27 years, resident of ________________________.
….Petitioner.
VERSUS
General Public.
….Respondent.
Petition under section 8 of Hindu Minority and Guardianship Act for permission to sell the share of minors namely _____
INDEMNITY BOND.
R/Madam,
Whereas this Hon’ble
Court has been pleased to grant permission to the petitioner Smt. ___________widow
of Late Sh. ______________, resident of __________________________, in the
above said petition to sell the agricultural land of the share of the minors
namely _________________. The above said minor namely __________ is
owner in possession of the agricultural land bearing Khewat/Khata No. ____________
upto the extent of his ___th share which comes out to ___Kanal ___ Marla. The above said
land has been inherited by minor from his father and acquired by relinquished
deed from his grandmother vide mutations No._________. The above said minor
daughter namely ___________ is owner in possession of the agricultural land
bearing khewat-khata _________________ upto the extent of her ____th share
which comes out to ____kanal 0 Marla. Thus total measuring of all above khewats
are ____ Kanal ____ marla (hereinafter to be referred as petition property).
The above said land has been inherited by minor from her father vide mutation
no. ______.
The Hon’ble court
granted permission to the petitioner to sell the above said land of the minors, subject to furnishing of Indemnity
Bond for Rs. 10,00,000/- (Rupees Ten lacs only) and the petitioner would not
claim her own interest adverse to that of minors in any manner, neither in sale
proceeds nor in the property of minors. Petitioner was also authorized to sell
share of the minors in the property in question if the price not lower than the
prevailing market price to a bonafide purchaser, vide judgment dated _________.
Now, I, Smt. ___________widow
of Late Sh. ______________, resident of __________________________, do hereby
undertakes and bind myself that I shall sell the property in question at the rate not less than the collector
rate and the sale proceeds shall be kept
in a fixed deposit of a nationalized bank according to the share of minors or
otherwise the sale consideration can be sued for purchase of other immovable
property in the name of minors and the interest from the fixed deposit may be
withdrawn and used by the petitioner for the welfare of the minors and In case, if I would fail to abide by the said
terms and conditions, then in that case I will be bound to pay an amount of Rs.
10,00,000/- (Rupees Ten lacs only) to the Haryana Govt., and the Haryana Govt.
can recover this amount from my movable or immovable properties.
This
indemnity bond has been executed by me today i.e. on dated __________.
Executant/Indemnifier.
Smt. ___________widow of Late Sh. ______________,
resident of _____________________.
