Corporate Guarantee Agreement Format for Loan in Word
Format
GUARANTEE AGREEMENT
THIS GUARANTEE AGREEMENT made at New Delhi on the 9th day of April, 2025 by:
Stabnet
Private Limited, a company incorporated under the Indian
Companies Act, 1956 and having its registered office at 19, NS Road, Top Floor,
Kolkata - 700001.
(hereinafter unless otherwise specifically designated referred to as "the Guarantor", which expression shall unless repugnant to the context or meaning thereof be deemed to include its successors);
In favour of[1]
Star Finvest Ltd., a
company incorporated under the Companies Act, 1956 having its registered office
at –A3, P3B, District Centre, Saket, New Delh -
110001, (hereinafter referred to as the “Lender”,
which expression shall, unless repugnant to the subject or context thereof, be
deemed to include its successors,
assigns and substitutes);
WHEREAS
(A) By a facility
Agreement dated 09.04.2025 made between JBL Tyres Ltd. (“the Borrower”), and the
Lender (the “Facility
Agreement”), the Lender has agreed upon and subject to the
terms and conditions of the Facility Agreement and the other Facility
Documents, to make available to the Borrower certain term loan facilities for
the purpose of Bussiness Expansion;
(B) One of the terms of
the Facility Agreement is that the Borrower shall procure in favour of the
Lender, a corporate guarantee, in form and substance acceptable to the Lender,
from the Guarantor, guaranteeing the repayment of the Facility and all other
sums in relation to the Facility; and
(C) The Guarantor has given due consideration to the terms and
conditions of the Facility Agreement and the other Facility Documents and being
satisfied that the giving of this Guarantee will benefit it, agrees to provide
this Guarantee.
NOW THIS AGREEMENT WITNESSETH that in consideration of the above premises, the Guarantor
irrevocably, unconditionally, agrees and undertakes to the Lender as follows;
Capitalized words used herein but not defined shall have the same
meaning as assigned to them under the Facility Agreement;
1.
In the event of the occurrence of an Event of
Default under clause 15.2 of the Facility Agreement, including but not limited
to any default on the part of the Borrower in payment/repayment of the Loan
and/or any of the monies under the Facility Agreement, and/or in the event of
any default on the part of the Borrower and other Obligors to comply with or
perform any of the terms, conditions and covenants contained in the Facility
Agreement or any other Facility Documents,
or in case of any mis-statement or mis-representation made by the Borrower
under the Facility Agreement or any of the Facility Documents, the Guarantor
hereby undertakes and guarantees, as primary obligor and not merely as surety, to, upon demand, forthwith pay to the Lenders without demur all the
amounts payable by the Borrower under the Facility Agreement and shall also
indemnify and keep indemnified the Lender
against all losses, damages, claims, cost and expenses of whatsoever nature which the Lender may
suffer, pay or incur by reason of or in connection with any such
default on the part of the Borrower under the Facility Agreement
including legal proceedings taken against the Borrower and/or the Guarantor for
recovery of the moneys due and payable by the Borrower under the Facility
Agreement and/or any other Facility Documents.
2.
The Guarantor hereby agrees that without the
concurrence of the Guarantor, the Borrower and the Lenders shall be at liberty
to vary, alter or modify the terms and conditions of the Facility Agreement
and/or any other Facility Documents, and
of the Security created and executed by
the Borrower and any other Obligor in favour of the Lender and in particular to
defer, postpone or revise the repayment of the Loan and/or payment of interest
and other monies payable by the Borrower to the Lender on such terms and
conditions as may be considered necessary by the Lender including any increase
in the applicable rate of Interest. The Lender
shall also be at liberty to absolutely dispense with or release all or any of
the Security furnished or required to be furnished by the Borrower or any of
the Obligors to the Lenders to secure the Facility. The Guarantor agrees that
the liability under this Guarantee shall in no manner be affected by any such
variations, alterations, modifications, waiver, dispensation with or release of
any Security, and that no further consent/s of the Guarantor is required for
giving effect to any such variation, alteration, modification, waiver, dispensation
with, or release of the Security or other security and collaterals.
3.
The Lender shall have full liberty, without
notice to the Guarantor and without in any way affecting this Guarantee, to
exercise at any time and in any manner any power or powers reserved to the
Lender under the Facility Agreement, to enforce or forbear to enforce payment
of the Loan or any part thereof or interest or other monies due to the Lender
from the Borrower or any of the remedies or securities, or Security available
to the Lender for the benefit of the Lender, to enter into any composition or
compound with or to grant time or any other indulgence or facility to the
Borrower AND the Guarantor shall not be released by the exercise by the Lender
of their liberty in regard to the matters referred to above or by any act or
omission on the part of the Lender or by any other matter or thing
whatsoever AND the Guarantor hereby
waives in favour of the Lender so far as
may be necessary to give effect to any of the provisions of this Guarantee, all rights which the
Guarantor might otherwise be entitled to enforce. The Guarantor further waives any right it may
have of first requiring the Lenderto proceed against or enforce any other
rights or security or claim payment from any person before claiming from the
Guarantor under this Guarantee. This waiver applies irrespective of any law or
any provision of the Facility Agreement or any other Facility Documents or any
related documents to the contrary.
4.
The Obligations of the Borrower under the
Facility Agreement are further required to be secured/have been secured by the
Security as set out in the Facility Agreement, in favor of the Lender in the
manner and on such terms and on conditions as are provided for under the
Facility Agreement and other Facility Documents. The Guarantor agrees that no failure in
requiring or obtaining such Security , collateral or in the observance or
performance of any of the stipulations or terms of the said Facility Agreement
or other Facility Documents and no default of the Lender in requiring or
enforcing the observance or performance of any of the said stipulations or
terms, shall have the effect of releasing or discharging or in any manner
affecting the liability of the Guarantor under these presents.
5.
This Guarantee is in addition to and is not in any way prejudiced by any
other guarantee or security now or subsequently held by the Lender, or any other person with respect to the
Facility or the release of any of such guarantee or security. The Lender shall be at liberty to accept in addition to the Security
and mortgage any other security to secure the obligations of the Borrower as
provided for under the Facility Agreement and other Facility Documents, either
from the Borrower or from a Obligor, and the Lender further be at liberty to
release or forbear to enforce all or any of the remedies upon or in respect of
such Security or such additional security or Facility Documents, and no such
acceptance of additional security or release or forbearance for enforcement of
the Security or additional security as aforesaid shall have the effect of
releasing or discharging or limiting or in any manner affecting the liability
of the Guarantor under this Guarantee. The Guarantor shall have no right to the
benefit of the said other , Security or additional security that may be held by
the Lender until all the claims of the Lender against the Borrower in respect
of the Facility and other claims of the Lender against the Borrower shall have
been fully satisfied, and then in so far only as such Security, and the
additional securities shall not have been exhausted for the purpose of
realizing the amount of the Lender's claims, and rateably only with other
persons (if any) entitled to the benefit of such Security and respectively. Any release by the Lender of
any of the Obligor(s) or their obligations under the Facility Documents shall
not release the Guarantor of its obligations under this Guarantee.
6.
The Guarantee herein contained shall be
enforceable against the Guarantor notwithstanding that the Security that the
Lender for the benefit of the Lender may have obtained or may obtain from the
Borrower or any of the Obligors under and pursuant to the Facility Documents
and at the time when proceedings are taken against the Guarantor hereunder be
outstanding and/or remain unrealised.
7.
In order to give effect to the Guarantee herein
contained the Lender shall, upon invoking of the Guarantee, be entitled to act
as if the Guarantor were the principal debtor to the Lender for all payments
guaranteed by him as aforesaid to the Lender.
8.
The Guarantee herein contained is a continuing
one for all outstanding obligations of the Borrower under the Facility
Agreement and for all amounts advanced by the Lender to the Borrower under the
Facility Agreement, as also for all interest, costs and all other monies which
may from time to time become due and remain unpaid to the Lenders under the
Facility Agreement and shall not be determined or in any way be affected by any
account or accounts opened or to be opened by the Lender becoming nil or coming
into credits at any time or from time to time or by reason of the said account
or accounts being closed and fresh account or accounts being opened in respect
of fresh facilities being granted within the overall Loan sanctioned to the Borrower. The Guarantee
shall be an irrevocable Guarantee and in the event of the demise of the
Guarantor the Guarantee shall be enforceable against the estate of the
Guarantor and his executors and administrators.
9.
Notwithstanding the rights which the Lender may
have or obtained in the Security created under the Facility Documents the
Lender shall have the fullest liberty to call upon the Guarantor to pay all or
any other monies for the time being due to the Lender in respect of the
obligations of the Borrower under the Facility Agreement or in case of the
occurrence of an Event of Default
including but not limited to the breach of the terms and conditions of
the Facility Agreement or any of the Facility Documents by the Borrower or by
the Obligors, as the case may be, without requiring the Lender to realize from
the Borrower or the other Obligor(s) the amount due to the Lender in respect of
the Facility or the obligations of the Borrower, and/or requiring the Lender to
enforce any remedies or Security or collateral available to the Lender under the Facility Documents.
10.
The Guarantee herein contained shall not be
determined or in any way prejudiced by any absorption of or by Lender or by any
amalgamation thereof or therewith but shall ensure and be available for and by
the absorbing or amalgamated Lender or concern. Further the Guarantee herein
contained shall not be determined or in any way prejudiced upon assignment by
the Lender of its/their rights under the Facility Documents. The Guarantor
hereby gives its consent for any such assignment by the Lender of its rights
under the Facility Documents.
11.
The Guarantee shall be irrevocable and
enforceable against the Guarantor notwithstanding any dispute between the
Lender and the Borrower or any of the Obligor(s) or any of them.
12.
The Guarantor hereby agrees and confirms to the
Lender that the Lender shall be entitled to adjust appropriate or set-off all
monies held by the Lender to the credit of or for the benefit of the Guarantor
on any account or otherwise howsoever towards the discharge and satisfaction of
the liability of the Guarantor under these presents.
13.
The Guarantor agrees that notwithstanding the
Lender for any reason whatsoever losing and/or parting with any of the Security,
security or collateral given by the Borrower or any of the Obligor(s), the
Guarantor shall not be released or discharged of his obligations under this
Guarantee nor will the liability of the Guarantor hereunder be diminished to
any extent, and in the event of the Lender so losing or parting with any of the
Security, security or collateral or the securities, the Guarantor shall be
deemed to have consented to or acquiesced in the same.
14.
The Guarantor agrees that if the Borrower enters
into liquidation or winding up (whether compulsory or voluntary) or if the
management of the undertaking of the Borrower is taken over under any law, or
if the Borrower and/or the undertaking
of the Borrower are nationalised under any law or where the Borrower makes any
arrangement or composition with its creditors, the Lender may (notwithstanding
payment to the Lender by the Guarantor
or any other person of the whole or any part of the amount hereby secured) rank
as a creditor and prove against the estate of the Borrower for the full amount
of all the Lender’s claims against the Borrower or agree to and accept any
composition in respect thereof and the Lender
may receive and retain the whole of the dividends, composition or other
payments thereon to the exclusion of all the rights of the Guarantor in
competition with the Lenders until all the Lender’s claims are fully satisfied
and the Guarantor will not by paying off the amounts payable by them or any
part thereof or otherwise prove or claim against the assets of the Borrower
until the whole of the Lender's claims against the Borrower have been satisfied
and the Lender may enforce and recover payment from the Guarantor of the full
amount payable by the Guarantor notwithstanding any such proof or composition
as aforesaid. On the happening of any of the aforesaid events, the Guarantor
shall forthwith inform the Lender in writing of the same.
15.
Until all amounts which may be or become payable by the Borrower under
the Facility Documents have been irrevocably paid and discharged in full and
the Lender have issued a no dues certificate to the Borrower, unless the Lender
otherwise directs, the Guarantor will not exercise any rights which it may have
by reason of its performance of its obligations under any document:
(i)
to be indemnified by the Borrower;
(ii)
to claim any contribution from any of the other guarantor or provider of
security for the obligations of the Borrower; and/or
(iii) to take the benefit (in whole or in part and
whether by way of subrogation or otherwise) of any rights of the Lender under
the Facility Agreement or any other Facility Documents or of contribution or
any other rights of a surety or enforce any security or other right or claim
against the Borrower or any other person who has guaranteed or given any
security in respect of any of the obligations of the Borrower under the
Facility Agreement or the Facility Documents or claim in the insolvency or
liquidation of the Borrower or of any other guarantee or security taken
pursuant to, or in connection with, the Facility Agreement or Facility
Documents by the Lender.
16.
The Guarantee hereby given is independent and
distinct from the other securities or
collateral or Security that the Lender has taken or has agreed to take
under the Facility Agreement, other Facility Documents, and the Guarantor has
not given this Guarantee upon any understanding faith or belief that the Lender
has taken and/or may hereafter take any or other such security, Security and/or
collateral. The Guarantor will not claim to be discharged or claim any limitation
to its obligations under this Guarantee to any extent because of the Lender's
failure to take any or other such security, Security and collateral or in
requiring or obtaining any or other such Security, security and collateral or losing for any reason
whatsoever including reasons attributable to its default and negligence,
benefit of any such Security, security and collateral or any such rights to any
other security or collateral that have been or could have been taken.
17.
The Guarantor agrees that the Guarantor shall
accept the correctness of any statement of account that may be served on the
Borrower which is duly certified by the Lender as regards the outstanding
obligations of the Borrower under the Facility Agreement, and the same shall be
binding and conclusive as against the Guarantor as regards its obligations
hereunder, and the Guarantor further agrees that in the Borrower making an
acknowledgment or making any payment to the Lender towards the obligations, the
Borrower shall in addition to its personal capacity be deemed to act as the
Guarantor duly authorised agent in that behalf for the purposes of the
Limitation Act of 1963.
18.
The Guarantor hereby agrees and gives consent to
the sale, sharing, transfer, release of any of the Security, security or the
collaterals from time to time and this may be treated as a standing and
continuing consent for each and every individual act of sale, transfer, release
or sharing of any of the security, Security, collateral. The Guarantor hereby
declares and agrees that no separate consent for each such transfer, sale,
release or sharing of security, Security, and collaterals would be necessary in
future.
19.
The Guarantor hereby agrees and declares that the
Borrower will be free to avail of further loans or other facilities from the
Lenders or any other financial institution(s) or bank(s) in addition to the
Loan and/or to secure the same during the subsistence of this Guarantee and in
that event the Guarantee herein contained will not be affected or vitiated in any
way whatsoever but will remain in full force and effect and binding on the
Guarantor.
20.
The rights of the Lender against the Guarantor
shall remain in full force and effect notwithstanding any arrangement which may
be reached between the Lender and the other guarantor/s, if any, or Obligor or
notwithstanding the release of that other or others from liability and
notwithstanding that any time hereafter the other guarantor/s may cease for any
reason whatsoever to be liable to the Lender, the Lender shall be at liberty to
require the performance by the Guarantor of its obligations hereunder to the
same extent in all respects as if the Guarantors had at all times been solely
liable to perform the said obligations.
21.
This Guarantee shall not be wholly or partially
satisfied or exhausted by any payments made to or settled with the Lender by the Borrower and shall be valid and
binding on the Guarantor and operative until repayment in full of all monies
due to the Lender under the Facility Agreement. The Guarantor further agrees
that the Lender may invoke the Guarantee either in parts or in full as it may
deem fit and the part invocation will not invalidate the Guarantee or its
future invocation and continue to be valid till all the monies payable under
the Facility Agreement are paid in full and irrevocably by the Borrower to the
Lender.
22.
This Guarantee shall be irrevocable and the
obligations of the Guarantor hereunder shall not be discharged except by
performance and then only to the extent of such performance, such obligation
shall not be conditional on the receipt of any prior notice by the Guarantor or
by the Borrower and the demand or notice by the Lender, as provided in this
Guarantee shall be sufficient notice to or demand on the Guarantor.
23.
The Guarantor hereby declares and agrees that it
has not received and shall not, without the prior consent in writing of the
Lender, receive any security or commission from the Borrower for giving this
guarantee so long as any monies remain due and payable by the Borrower to the
Lender under the Facility Agreement.
24.
The liability of the Guarantor under this Guarantee shall not be affected by
-
(i)
any change in the constitution or winding up
of the Borrower or Guarantor or any
absorption, merger or amalgamation of the Borrower or Guarantor with any other
company, corporation or concern; or
(ii)
any change in the management of the Borrower or
Guarantor or takeover of the management of the Borrower or Guarantor by Central
or State Government or by any other authority; or
(iii)
acquisition or nationalisation of the Borrower or
Guarantor and/or of any of its / their
undertaking(s) pursuant to any law; or
(iv)
any change in the constitution of the Lender;
(v)
any change in the set up of the Guarantors which
may be by way of change in the constitution, winding up, voluntary or
otherwise, absorption, merger or amalgamation or otherwise;
(vi)
the absence or deficiency of powers on the part
of the Guarantor to give Guarantees and/or indemnities or any irregularity in
the exercise of such powers;
(vii) any dispute between the Borrower and the Lender;
(viii)
any invalidity, irregularity, unenforceability, imperfection or
avoidance of any defect in any security (if any) granted by, or the obligations
of the Borrower or any amendment to or variation thereof or of any other document
or security comprised therein;
(ix)
the genuineness, validity, regularity and enforceability of the
Facility, Facility Documents or any other agreement that the Borrower enters
into with the Lender or with any other person in connection with the Loan, from
time to time;
(x)
the occurrence of any circumstances whatsoever affecting the Borrower’s
liability to discharge its obligations with respect to the Loan and under the
Facility Agreement or the Facility Documents or other related documents;
(xi)
any legal limitation, disability or incapacity relating to the Guarantor
or the Borrower;
(xii)
the liquidation or winding up of the Guarantor;
or
(xiii)
any other circumstance or occurrence, whether similar or dissimilar to
any of the foregoing.
25.
The Guarantor herby represents and warrants to
the Lender and confirms that:
(i) it legally and beneficially owns its assets and has the full power,
authority and legal right to execute this agreement and execution or performance of
this agreement does not and will not conflict with its constitutional documents
or any other agreement or document or applicable laws to which the Guarantor is
a party or by which it is bound or affected;
(ii) it is a group company of the Borrower;
(iii) it is a company validly and legally incorporated under the Companies
Act, 1956; and
(iv) there are no legal proceedings, present or
threatened, against the Guarantor, which may have any adverse effect on the
enforceability or performance of the obligations of the Guarantor under this
guarantee.
26.
The Guarantor hereby declare that the immovable
and movable properties described in the Schedule –I hereto, save and except
specified therein, are free from encumbrances, charges, claims and demands, and
owned and possessed by it.
27.
The Guarantor undertakes to notify the Lender in
writing particulars of immovable and movable properties (except the movable properties, acquired in
ordinary course of business) acquired or inherited by it within a reasonable
time so long as the guarantee remains in force.
28.
The Guarantor does hereby further undertake, not
to sell, transfer, encumber, charge, pledge, hypothecate, mortgage, or create
any lien on all or any of his aforesaid immovable properties, his shareholdings
in the companies promoted by it and/or other immovable properties acquired or
inherited thereafter without the prior written permission of the Lender. The
Guarantor further undertakes that during the currency of the guarantee it shall
inform on quarterly basis to the Lender about the guarantees given by it, in
the form and manner acceptable to the Lender.
29.
The Guarantor hereby agrees and gives consent for
the disclosure by the Lender of all or any of; (a) information and data
relating to the Guarantors;(b) the information or data relating to the
Guarantor, obligations in any credit facility granted/to be granted, by the
Lender and guaranteed by the Guarantor; and (c) default, if any, committed by
the Guarantor, in discharge of the Guarantor’s such obligation; as the Lender
may deem appropriate and/or necessary,
to disclose to, to publish in any news paper and furnish to its group
companies, Credit Information Bureau (India) Limited (CIBIL) and any other
agency authorised in this behalf by Reserve Bank of India (RBI). The Guarantor
further declares that the information and data furnished by the Guarantor to
the Lender are true and correct. The
Guarantor also undertakes that:
(a) the CIBIL and any other agency so authorised may use,
process the said information and data disclosed by the Lender in the manner as
deemed fit by them; and
(b) the CIBIL and any other agency so authorised may furnish for
consideration, the processed information and data or products thereof prepared
by them, to banks/financial institutions and other credit grantors or
registered users, as may be specified by the RBI in this behalf.
30.
The Guarantor hereby agrees and gives consent to
the Lender that in case of any default committed by the Guarantor in discharge
of its obligation under this guarantee agreement, the Lender shall have full
and unqualified right to disclose or publish the name of the Guarantor as
defaulter in such manner and through such medium as the Lender in their
absolute discretion may think fit.
31.
The Guarantor expressly recognizes and accepts,
the Lender shall be absolutely entitled and shall have full power and authority
to sell, assign or transfer in any manner, in whole or in part, and in such
manner and on such terms as the Lender may decide, including reserving a right
to the Lender to retain its power hereunder to proceed against the Guarantor on
behalf of the purchasers, assignees or transferees, any or all rights of the
Lender under this Guarantee to any third party as the Lender may deem
appropriate, without any reference or intimation to the Guarantor of any such
action and any such sale, assignment or transfer shall bind the Guarantor, to
accept such third party as the creditor, exclusively and the Guarantor shall
continue to be liable as per the terms of this Guarantee to such third party
transferee / assignee / purchaser as the case may be. The Guarantor hereby
expressly waives any rights that may be available to the Guarantor under
Sections 133, 134, 135, 136, 137, 138, 139 & 141 and other provisions of
the Indian Contract Act, 1872. The
Lender shall be under no liability to marshall in the Guarantor's favour any
securities or any of the funds or assets which the Lender may be entitled to
receive or upon which the Lender has a
claim.
32.
The Guarantor agrees that the amount due under or
in respect of the Obligations of the Borrower under the Facility Agreement and
hereby guaranteed, shall be unconditionally forthwith payable by the Guarantor
to the Lender serving the Guarantor with a notice requiring
payment of the amount. Unless otherwise stated, all notices, approvals,
instructions and other communications for the purposes of this Agreement may be
given by facsimile, by courier, by personal delivery, by electronic form, or by
sending the same by prepaid registered mail
to the Party concerned at its address or the fax numbers or e-mail
address set out below and/or any other address subsequently notified to the
other Party with a prior five days clear notice in writing from any change thereof, for the purposes of
this section and shall be deemed to be
effective (a) in the case of registered mail when delivered to the postal authorities, (b)
in the case of facsimile at the time when dispatched with a report confirming
proper transmission, (c) in the case of personal delivery, at the time of
delivery, (d) in case of courier, when
delivered to the overnight
courier, and (e) in case of e-mail, at the time when it is sent to.
Any notice /
communication to be given or made by the parties hereto shall be in the manner
as provided for herein above, at the address as provided for herein.
The Lender:
Name : Star Finvest Limited
Address : D-3, P3B, District Centre Saket, New Delhi - 110 017
Kind Attn :
Fax No. :
e-mail :
Phone :
The Guarantor:
Name : Stabnet
Private Limited
Address : 15, N S Road, Top Floor, Kolkata - 700001.
Fax No. :
e-mail :
Tel :
Kind
Attn :
The Guarantor
shall be under an obligation at all times to intimate any change in its address
mentioned hereinabove to the Lender. A certificate by an officer of the Lender
that the notice was posted or served, as the case may be, shall be final,
conclusive and binding on the Guarantor. Notwithstanding anything contained
hereinabove, any notice given to the Lender under this Agreement shall be
deemed to have been served upon the Lender when it is actually received by the
officer of the Lender in whose attention the notice is addressed.
33.
The liability of the Guarantor hereunder shall
not exceed the Obligations payable by the Borrower to the Lender under the
Facility Agreement.
34.
The Lenders’ opinion and decision as regards all
matter concerning this Guarantee shall be final and binding on the Guarantor.
35.
This Guarantee shall be governed by and construed
in accordance with Indian law and the New Delhi courts shall have exclusive
jurisdiction to determine, settle any disputes which may arise out of or in
connection with this Guarantee.
Nothing contained in this Section, shall limit
any right of the Lender(s) to take Proceedings in court or tribunal at Mumbai
or any other court or tribunal of competent jurisdiction, nor shall the taking
of Proceedings in one or more jurisdictions preclude the taking of Proceedings
at Mumbai or in any other jurisdiction whether concurrently or not and the
Guarantor irrevocably submits to and accepts for itself and in respect of its
property, generally and unconditionally, the jurisdiction of courts or tribunal
at Mumbai or such other court or tribunal, and the Guarantor irrevocably waives
any objection it may have now or in the future to the laying of the venue of
any Proceedings and any claim that any such Proceedings have been brought in an
inconvenient forum.
36.
Any term or provision of this Guarantee which is
determined by a competent authority to be invalid, illegal, prohibited or
unenforceable in any jurisdiction, shall, as to such jurisdiction, be
ineffective only to the extent of such invalidity, illegality, prohibition or
unenforceable without invalidating or rendering illegal, prohibited or
unenforceable, the remaining terms and provisions hereof, and any such
invalidity, illegality, prohibition or unenforceability in any jurisdiction
shall not invalidate or render illegal, prohibit or unenforceable such terms
and provisions in any other jurisdiction.
SCHEDULE I
Particulars of
Immovable properties owned by the Guarantor
|
Sr. No. |
Nature of the Property |
Location |
Approximate Value |
Particulars of existing
charge if any |
|
1 |
Residential Property |
*************** |
Rs. 500 Crores |
|
IN WITNESS WHEREOF the
Guarantor has caused its common seal to be affixed hereto on the day and year
first hereinabove written and in the manner hereinafter appearing.
The Common Seal of the Guarantor, Stabnet Pvt. Ltd, has been pursuant
to Resolution passed by the Board of Directors of the company at its Meeting held
on the 8th day of April 2025
hereunto affixed in the presence of Shri Sachin Singh, Director, who has signed
these presents in token thereof.
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