Affidavit Format for Guaranteeing a Loan

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AFFIDAVIT 

Affidavit Format for Guaranteeing a Loan

 

I, Aman Biswas S/o ___________________ aged about ______ years having PAN No. ________ and residing at __________________________________do hereby solemnly affirm and declare on oath as follows:-

 

1. That Stabnet Infrastructure (Private) Limited, a company incorporated under the Companies Act, 1956 and having its registered office at S-10, Duncan Road Block -C, 4^th Floor, Mumbai- 400001 (CIN No. U62217MB2193PTC0123456) and its corporate office at D-12, Vidya Path, Chandigarh -160001 (hereinafter referred to as the “Lender” has at my request granted/and/or agreed to grant a Loan of Rs.7.00 Crores (Seven Crores Only) to the borrower Raja Traders Ltd. having CIN No. L18529RA1285PLC123456 and its registered office at Tolstoy Marg, Delhi-110001, interalia, against my guarantee and hence, this affidavit is being sworn by me to satisfy the said Lender as to the credentials of the Borrower and the other Guarantor namely Sachin Properties Finance Private Ltd. having CIN No. U62217MB2193PTC1234565 and its registered office at Duncan Road, Mumbai- 400001 (hereinafter referred to as “Sachin”)

 

2. That Dadar is lawful owner of two residential apartments bearing No. 1501 and 252 at Basundhara Apartment, 15, Manek Chowk, Ahmedabad - 380001 each admeasuring 2650 Sq. ft. or thereabouts together with right to the common areas and services (including relevant and respective parking space allocated against said residential apartment(s)) and further including all fixtures and fittings.

 

3.    That the said Residential Property(ies)were earlier owned by Amar Electrical and Investment Co. Ltd. (CIN No. U41531SB1655SLC123456) and SAL (India) Pvt. Ltd. (CIN No. U51109WB1556PTC012345), respectively and each of the said companies have since been amalgamated with Sachin vide an order of the High Court at Calcutta dated 15^th February, 2025 and in terms whereof the said Property(ies)are represented by way of advances to M/s Ajit Chandra and Prem Chandra having an aggregate amount of Rs. 52,08,071 and Mr. Vimal Kumar having an aggregate amount of Rs. 31,60,773, respectively. The said advances have not been withdrawn till date and are part of the title documents with respect to the said Residential Property (ies).

 

4.    That the only documents of title with respect to the said properties available with Sachin are the payment receipts, the respective Agreement(s) to Sell and the respective Possession Letter(s), all of which have been have been handed over by Sachin to the Lender for the purposes of creation of Equitable mortgage thereon.

 

5.    That Sachin is the sole owner of the said residential properties as on the date of this affidavit and that the no prior charges, mortgage or other encumbrances which existsthereon nor are the said properties subject matter of any attachment, agreement to sell or conveyance deed or any similar agreement which is to the detriment of the rights of the Lender as mortgagee of the said properties.

 

6. That the Statements/declarations made by me in paras 1 to 5 set out above are true and correct to the best of my personal knowledge and belief and that I am competent to swear this affidavit.

 

                                                                                                            Deponent

                                                                                                           

           

Verification

 

Verified on this______ day of    October, 2027 at Rajkot that the contents of the above affidavit are true and correct to the best of my knowledge, no part of this is false and nothing material has been misstated therein or concealed therefrom.

 

 

Deponent

 

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