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Annexure GL

This document is a Letter of Indemnity executed by Malti Devi and sureties for the delivery of gold ornaments pledged by the deceased Chandan Kumar Singh to Muthoot Finance Ltd. The claimants have repaid the loan and are entitled to receive the ornaments without legal representation, provided they indemnify the company against any claims related to the delivery. The document outlines the responsibilities of the claimants and sureties to protect the company from any legal actions regarding the ornaments.

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Upender Singh
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726 views2 pages

Annexure GL

This document is a Letter of Indemnity executed by Malti Devi and sureties for the delivery of gold ornaments pledged by the deceased Chandan Kumar Singh to Muthoot Finance Ltd. The claimants have repaid the loan and are entitled to receive the ornaments without legal representation, provided they indemnify the company against any claims related to the delivery. The document outlines the responsibilities of the claimants and sureties to protect the company from any legal actions regarding the ornaments.

Uploaded by

Upender Singh
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

ANNEXURE GL-16

LETTER OF INDEMINITY

For delivery of gold ornaments of deceased lying pledged with the Muthoot
FinanceLted without production of legal representation

This Deed of indemnity executed MALTI DEVI W/O NAVIN KUMAR R/O E-197-
C, PANCH MUKHI MANDIR, LAL KUAN, NEW DELHI-110044, (here in after
referred to us the claimants and (1) _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
___
(2) _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _, (here in after referred to as the
sureties) in favour of the Muthoot Finance Ltd. constituted under the company
Act, 1956 and having a branch office at DELHI-Pul Pehladur (03597) (hereinafter
called the company which term shall include its assigns and successors)

Whereas Smt/Shri Chandan Kumar Singh S/o Navin Kumar (hereinafter referred
to as the "Borrower") has borrowed a sun of Rs. _ _ _ _ _ _ _ _ _ _ _ on 11-03-2023,
(G.L. No. .MEG - 257) by pledging the following ornaments with the company as
security for the loan.
-2-

Description of the ornaments Weight

1 ____________________________________________ _____________

2 ____________________________________________ _____________

3 ____________________________________________ _____________

4 ____________________________________________ _____________

And whereas the claimants have repaid and closed the loan account on behalf of
the estate of Shri Chandan Kumar Singh who died on 25-09-2023 as his, her legal
representative.

And whereas we the claimants are therefore entitled to the delivery of the
ornaments held by the company and on application and at the request of the
claimants and sureties the company has agreed to such delivery provided the
claimants and the sureties execute a deed of indemnity being presents.

Now in consideration of the company. at the request of the claimants and the
sureties delivering the aforesaid ornaments to the claimant without production
of letters of administration or probate
or any other valid testamentary order of the court to his, her estate and a
certificate from the controller of the Estate Duty that estate duly had been paid or
will be paid or that none of due we the claimants and sureties jointly and
severally and our heirs and executors and administrators of each of us hereby
agree and undertake to defend keep harmless and indemnified at all time and
relieve the company for all action suits and demands (including a claim in respect
of payment of estate duty) which may at any time be commenced made instituted
or prosecuted against the company by any persons whomsoever being or
claiming to be entitled to the ornaments or on account of the delivery of these
ornaments by the Company to the claimants and from and against all losses,
costs, charges, damages, expenses whatsoever which the Company, its successors
or its

land hereditaments, foods chattel or effects shall sustain or be put to for or by


reason of the delivery of the ornaments of the deceased Shri Chandan Kumar
Singh by the Company to the claimants.

In witness whereof, we have hereunto set our hand at _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

In the presence of New Delhi this 12th day of June 2024

Claimants:-

(1)

(1) Sureties:

(2)
Witnesses

(1)

(2)

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