0% found this document useful (0 votes)
23 views2 pages

Comprehensive Indemnity Bond1

This document is an indemnity bond between a society/association and the Navi Mumbai Municipal Corporation regarding a proposed redevelopment project. The bond outlines that the society will indemnify and hold harmless the corporation regarding any claims, damages, or disputes related to obtaining permissions, construction work, ownership issues, or mechanical system failures for the project.
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
0% found this document useful (0 votes)
23 views2 pages

Comprehensive Indemnity Bond1

This document is an indemnity bond between a society/association and the Navi Mumbai Municipal Corporation regarding a proposed redevelopment project. The bond outlines that the society will indemnify and hold harmless the corporation regarding any claims, damages, or disputes related to obtaining permissions, construction work, ownership issues, or mechanical system failures for the project.
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 2

COMPREHENSIVE INDEMNITY BOND BY SOCIETY / ASSOCIATION

To,
The Assistant Director, Town Planning,
Navi Mumbai Municipal Corporation.
Navi Mumbai .

Sub: Proposed redevelopment on plot bearing --------------------------


Ref : File No.

1) This deed of Indemnity is made this ------ day of ----------- month -----
year between ------------------------------------ , ----------------------------
Hereinafter referred to as „ the Obligors (in which expression are included
unless such inclusion is inconsistent with the context their heirs executors,
administrators and assigns) of the First Part and The Navi Mumbai
Municipal Corporation , a Corporation constituted by the Maharashtra
Municipal Corporation Act, hereinafter referred to as „The Corporation „ (in
which expression are included unless such inclusion is inconsistent with the
context, its successor or successors and assigns) of the Second Part .

2) AND WHEREAS The Municipal Corporation has granted commenced


permission to M/s. -------------------------------------------------and / or vide ---
- dated -------- for Redevelopment at -----------------------------------------------
----------------------------.
3) And whereas various other permission will be granted on the basis of
documents to be submitted by the obligor from time to time.
4) And whereas for issue of such other permissions, the Obligor has registered
an undertaking to abide with Various Permissions and the contents therein.
5) And whereas in continuation to the said undertaking, the Obligor hereby
execute the Indemnity Bond in the manner hereinafter appearing.
NOW THIS INDENTURE WITNESSES that in pursuance of the facts mentioned
by the Obligors and in consideration on the terms, the Obligors do hereby bind
himself and their executors, administrators and assigns covenant with the
Corporation hereinafter save harmless and indemnify the Corporation against
all actions, claims, damages, demand of any nature of kind whatsoever which
may be instituted, prepared, claimed or made against the Corporation and the
Commissioner or either of them.
The Obligors further undertake to the Corporation to abide by the terms and
conditions of the said Various Permission as well as to perform and act
according to the term and conditions of the said Various Permission of the Navi
Mumbai Municipal Corporation and any other competitive authorities and if
there is any complaint, dispute in respect of the same, the obligors save and
keep harmless and indemnify the Corporation and the Commissioner or either
of them from and against all actions, act, causes, claims, damages, demand of
any nature and kind whatsoever which may be instituted, prepared, claimed or
be made against the Corporation and the Commissioner or either of them.
The Obligors further undertake to the Corporation against any claims,
damages, suits ,costs and charges , losses or injuries to the occupants ,
workers, employees or any persons visiting the site under reference while
carrying out construction work and if there is any complaint, dispute or claim
in respect of the same, the obligors save and keep harmless and indemnify the
Corporation and the Commissioner or either of them from and against all
actions, act, causes, claims, damages, demand of any nature and kind
whatsoever which may be instituted, prepared, claimed or be made against the
Corporation and the Commissioner or either of them.
The Obligors further undertake to the Corporation that the Corporation, its
officers and servants will be held harmless and indemnified from and against
all losses, suits, damages, costs, charges, claims and demands whatsoever
including the claim under the Workmen’s Compensation Act 1923, which the
Navi Mumbai Municipal Corporation, their officers and servants sustain or
incur or become liable to pay by reason or in consequence of any injury to any
person or to a third party whether resulting directly or indirectly from existence
and / or use of the well water and well or occurred through any accident or
adverse effect.
The Obligors further undertake to the Corporation against any claims,
damages, suits ,costs and charges arising out of Disputes, litigations; claims,
on account of ownership of plot, and if there is any complaint, dispute or claim
in respect of the same, the obligors save and keep harmless and indemnify the
Corporation and the Commissioner or either of them from and against all suits,
damages, costs, charges, claims and demands of any nature and kind
whatsoever which may be instituted, prepared, claimed or be made against the
Corporation and the Commissioner or either of them.
The Obligors further undertake to indemnify the Corporation against any
litigation arising out of hardship to user in case of the failure of Mechanized
system / Car lifts / nuisance due to mechanical system / Car lifts / to the
building under reference & to the adjoining wing / adjoining building.
The Obligors further agree to keep indemnified and hereby indemnify and keep
harmless the Corporation, its officers and servants from and against any
actions, claims, charges, costs, disputes, demands and expenses of any nature
suffered or sustained by the Corporation ,its officers and servants in the matter
of payment to the State Government / Competent authority the requisite Stamp
duty under the Bombay Stamp Act, 1958 as amended upto date on the
agreement in any manner whatsoever and further the Obligor covenant with
the Navi Mumbai Municipal Corporation, its officers and servants to reimburse
them immediately for any such claims, charges, costs and expenses.
IN WITNESS WHERE OF the Obligors have hereunto set their respective hands and
seal on the day and year hereinabove written.

SIGNED, SEALED AND DELIVERED


1) OBLIGOR

IN PRESENCE OF

1. MR.
Address :

2. MR.
Address

You might also like