THIS BOND is executed on this..day of..at between :
1. Mr. VK s/o TC r/o .., hereinafter called the debtor on the first part.
2. Mr. PN s/o Mr. SM r/o ., hereinafter called the surety on the second part, and
3. Mr. AK s/o Mr. GR r/o ., hereinafter called the creditor on the third part.
Whereas a sum of Rs..in still due to the creditor above named form the debtor on account of decree in suit noby the Court of.on account of arrears of rent.
And whereas the creditor has again settled the lease of the house in which the debtor resides as tenant on account of the reason that the debtor has agreed to make the payment of the decreed amount.
And whereas the creditor has agreed to accept the payments of decreed amount in installment without any interest, provided some body stands as surety for the said amount.
And whereas the surety has agreed to guarantee payment of the said decreed amount in accordance with the terms of this bond.
NOW THIS BOND WITNESSES AS UNDER : 1. That the debtor and the surety jointly an severally agree to pay the decreed amount in six equal half yearly installments commencing from the day of..and the day of..each year.
2. That in case of failure on the part of the debtors to pay any instalment within 30 days from the day it becomes due, the whole of he unpaid amount shall stand payable at once with interest at the rate of 18% per annum and the debtor and the surety jointly and severally agree to pay the said amount with interest.
We the have noted parties have signed this bond on the date and place mentioned above, after fully understanding the contents of the bond in the presence of the following witness.
Witnesses:

1. Name. Signature ..
Address Debtor

2. Name Signature
Surety
Address. Signature.
Creditor

Using this format

This is a reference draft reproduced for study and adaptation. Court rules, court fees and the correct forum vary with the facts and the value of the claim, so have the document checked and filed by an advocate. A defective application can be returned or dismissed even when the case itself is good.

Our Criminal Law team drafts and files these documents before the Calcutta High Court, city civil courts, magistrate, family and consumer courts in Kolkata. Our criminal defence team handles bail, trial and pre-trial applications in Kolkata courts.

Disclaimer: this page is a sample format reproduced for reference and study. It is not legal advice and does not create an advocate–client relationship.

Installment Bond in Deed Form: Draft & Format

Using this format

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