(ON STAMP PAPER OF Rs 100)
IRREVOCABLE LETTER OF UNDERTAKING CUM DECLARATION CUM IMDEMNITY BOND
From
Shri (Owner’s name)
To
1)Shri (Buyer’s name)
Dear Sirs,
Re: Sale of car Honda Civic bearing no:-
I Shri(Owners name)do hereby give this irrevocable letter of undertaking cum declaration cum indemnity as under:-
1)I have agreed to sell to Shri(buyers name) my car No……………………….
(herein after called as the said car) for a sum ofRs…………………………..
2)The said car has been registered with RTO authority Thane.
3) The said car had been purchased by me from Shri…………………….aged…. residing
at …………………………………………(herein after called the first
owner) and the said first owner has accordingly signed the blank transfer
form as prescribed by RTO authority.
4)I further state and declare that the said car has yet not been transferred in my name.
5)I shall undertake to sign and execute such application and statement as may be
necessary for the purpose of effectually vesting the said car in favor of Shri (Buyers name)
6)I hereby declare and undertake that I have not taken any loan or financial assistance
from any source for purchasing said car by creating charge/hypothetication in respect of
said car.
7) I further state that I have not hypothetcated the said car and title thereof is marketable
,clear and free from all encumbrances,lien and charge.
8)I Shall undertake to obtain the first owners signature on such applications and papers
as may be necessary for the purpose of effectively vesting/transferring the said car in the
name of Shri (buyers name)
9)I further state and declare that I shall take urgent steps to transfer the said car in the
name of Shri (buyers name)
10)I hereby declare and undertake that in the event if the said vehicle is not transferred in
the name of Shri (buyers name) by the RTO authority for whatsoever reason, in
that event on demand made by Shri (buyers name) I hereby agree and promise to
refund the amount of Rs……………………paid by Shri (buyers name) to me on
return of the said car by Shri (buyers name)
11)I hereby indemnify and keep indemnified the said Shri (buyers name) for this
Purpose.
12)I hereby declare and undertake that this letter of undertaking and indemnity bond is
irrevocable and will bind on me/ and my heirs/legal representatives,successors and
permitted assigns.
13)I hereby declare and undertake that the contents of the above clauses are true and
correct.
Yours faithfully.
Date:-
(Owners name)
Witness:-1)Name………………….
Address
Witness:-2)Name………………….
Address