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Certificate No. IN-JK

DEMAND PROMISSORY NOTE

Amount: Rs.60000/=
(Rupees Sixty Thousand only)

Bank: The Jammu & Kashmir Bank Ltd.

Branch: D.C Office Complex Kupwara

Dated : ________2024

ON DEMAND I, Ms Roshnie Begum Wife of Mr Gh Ahmad Mir

Resident of Hangah Handwara District Kupwara Jammu & Kashmir, do
hereby promise to pay the Jammu and Kashmir Bank Ltd, a Banking
Company incorporated under the provisions of the Jammu and Kashmir
Companies Act 1977 (Samvat), and a banking company within the
meaning of the Banking (Regulation) Act, 1949 having its Registered
Office at M. A Road Srinagar 190001 Jammu & Kashmir within its Branch
Office at D.C Office Complex Kupwara OR ORDER t he sum of
Rs.60000/= (Rupees Sixty Thousand only) together with interest at the
rate of MCLR 3Y +3 present effective @ ________% per annum calculated
at monthly rests or such other rate of interest as may be prescribed by
the Jammu and Kashmir Bank Ltd. from time to time, for value received.

………..…………….

Ms Roshnie Begum

(Borrower)
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LOAN AGREEMENT

This Agreement is made at Kupwara on this the _________2024 by:-

Ms Roshnie Begum Wife of Mr Gh Ahmad Mir Resident of Hangah
Handwara District Kupwara Jammu & Kashmir, hereinafter called the
“BORROWER” (which expression shall be deemed to include his/her heirs,
executors, administrators, successors and assigns) of the one part in
favour of The Jammu & Kashmir Bank Limited , A Banking company
incorporated under The Jammu & Kashmir Companies Act 1977 (Svt)
having its registered office at Corporate Headquarters, Maulana Azad
Road, Srinagar and a branch office amongst others at D.C Office
Complex Kupwara, hereinafter called the “BANK” (which expression
shall be deemed to include its successors and assigns) of the other part.

WHEREAS on the request of the Borrower the Bank has sanctioned

aggregate Loan facility of Rs.60000/= (Rupees Sixty Thousand only) for
purpose of “buy consumer durable / Home Appliances” under the Bank’s
Professional/ Businessmen/ Self-employed / proprietorship concerns–
Consumer Loan Scheme comprising of credit limit of Rs.60000/= (Rupees
Sixty Thousand only) in favour of the borrower for the purchase of Home
Appliances, {bill attached}, (hereinafter referred to as Financed Asset).

WHEREAS the Borrower represented to the Bank that he / she has not
sought or obtained any such loan from any o ther branch of the Bank or from
any other Bank & further assures & confirms that the particulars given and
information furnished to the Bank in the loan application form & other connected
papers are true & correct & nothing has been misrepresented, suppressed or
concealed therein; with a view to secure the said loan, the borrower has agreed
to execute these presents in favour of the Bank.

NOW, THEREFORE, THIS LOAN AGREEMENT WITNESSETH AS UNDER:-

01. That the said loan amount of Rs.60000/= (Rupees Sixty Thousand only)
shall be disbursed by the Bank in favour of the Borrower by issuing a bank
draft/payment order in favour of the vendor for the sanctioned loan amount/
crediting the same to Saving Bank Account of the Borrower maintained with the
Bank or in such other manner as may be deemed proper by the Bank.

02. That the Borrower hereby agrees & undertakes to make proper end use of
the loan amount, and undertakes to use the loan amount exclusively for the
purpose mentioned in the loan application form and for which the loan has been
sanctioned, and shall take due care of the financed asset.
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03. The Borrower hereby agrees and undertakes the repayment of the said loan
of Rs.60000/= (Rupees Sixty Thousand only) in full together with interest at
the rate/s _______% below/ above the base rate of the Bank subject to a
minimum of or such other rate as may be prescribed by the Bank from time to
time along with other charges, costs, expenses etc., incurred by the bank in
relation thereto until the adjustment of the loan account in full.

04. That the Borrower hereby agrees that the amount of loan/advance together
with Interest shall be repaid by him/her in equated monthly installments (EMI) of
Rs.1711/= comprising of principal and interest within a period of 48 Months.

05. That the Bank shall have a general Lien and the right of setoff for all or any
balance/s due to the Bank in respect of all or any account/s, upon or over all or any
security/ies for the time being held by the Bank and all or any such security/ies or
amount/s or credit balance/s, in whatever form that may come into the hands of the
Bank, and nothing contained herein or any other documents executed by and
between the Borrower/s and the Bank shall be construed to exclude the Bank’s
general lien and/or the right of setoff for any balance/s due to the Bank over any
security for the time being held.

06. The Borrower hereby undertakes to abide by all the terms and conditions that
may be prescribed by the Bank from time to time concerning the loan Scheme and
the covenants contained in this agreement shall be deemed to be modified
accordingly.

07. Notwithstanding anything contained herein the Borrower shall, however, on

demand forthwith pay to the Bank the balance due and owing to the Bank in the
aforesaid loan account of the Borrower together with interest and other charges and
expenses thereon due without any demur or protest.

08. That the borrower agrees to accept the statement of account made out from the
books of the Bank and signed by the Manager or any other officer/s of the Bank
and/or computerized statements as conclusive proof of the correctness of any
amount/sum claimed to be due from the Borrower to the Bank under this agreement
without the production of any voucher, document or paper.

09. That in case of a default in the payment of any of the installment/s of the loan or
the Interest on its due date, the Borrower agrees to pay penal Interest @ _______ %
per annum over and above the agreed rate of Interest on the defaulted amount from
the date of default.

10. Notwithstanding the repayment of the loan in Equated monthly installments

stipulated hereinbefore, the Borrower agrees that he/she shall remain liable to pay
any ultimate balance outstanding along with the last installment.
11. That the borrower shall immediately at his own cost and expenses keep the
Financed asset comprehensively insured against all risks of fire, theft, break-down,
accident, damage and destruction, earthquakes with some insurance company of
repute and in case of failure of borrower to do so, The bank shall be authorized to
effect the insurance of the financed asset at the risk and the cost of the borrower.

12. The Borrower hereby confirms and agrees that the Bank shall be within its rights
to change, amend or alter any of the terms and conditions contained in the letter of
sanction no ………………………… Dated…..…………… any other document and the
Borrower shall have no right to raise any dispute whatsoever with respect to such
change, alteration of amendment.

13. It is hereby further agreed that the Borrower shall not sell or exchange or give
on lease or otherwise dispose off or create any charge by way of lien,
hypothecation, pledge or any other encumbrance upon financed asset.

14. Any notice by way of request, demand or otherwise meant to be given to the
Borrower shall be deemed to have been duly served upon the Borrower if sent by
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registered post on the last known address of the Borrower or has been delivered
personally or left at the last recorded address with the Bank. However, a reasonable
period, which shall not in any case exceed seven days for service of the notice, shall
be allowed in case the same is sent by registered post.

15. That the Borrower hereby agrees as a pre-condition of the loan given to
him/her by the Bank that in case the Borrower commits default in the repayment of
the loan or in the repayment of interest thereon or any other agreed installment of
the loan on due dates then in that eventuality the Bank or the Reserve Bank of India
will have an unqualified right to disclose or publish his/her name as defaulters in
such manner and through such medium as the Bank or the Reserve Bank of India in
their absolute discretion may think fit.
16. That as a pre-condition of the loan given to Borrower by the Bank the
Borrower hereby agrees and gives his/her consent for the disclosure by the Bank of
all or any information and data relating to the Borrower and/or to any credit facility
availed of and/or to be availed of by the Borrower, and default, if any committed by
the Borrower, in discharge of obligations assumed and or to be assumed by the
Borrower, as the Bank may deem appropriate and necessary to disclose and furnish
to the Credit Information Bureau (India) Limited and any other agency authorized in
this behalf by Reserve Bank of India.
17. That the Borrower declares that the information and data furnished by him to
the Bank are true and correct and further undertakes that:

(a) The Credit Information Bureau (India) Limited and any other agency
authorized may use and process the said information and data disclosed by the
Bank in the manner as deemed fit by them; and

(b) The Credit Information Bureau (India) Limited and any other agency
authorized 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 Reserve Bank of India in
this behalf.
18. That the Borrower shall act in good faith at all times in relation to all dealings
with the Bank.

19. AMORTISATION:

REPAYMENT:

(i) The Borrower undertakes to pay to the Bank, the instalments as mentioned in the Sanction
letter and given in the schedule to this agreement till the entire loan with interest, cost
etc, is repaid along with any other charges, premium, fees, taxes levies or other dues and
damages set out in this Loan Agreement.
(ii) The Borrower(s) hereby agrees that in the matter of classification of stressed accounts into
SMA/ NPA- depending on the overdue period, the Bank shall act as per the guidelines
provided by RBI.

INTEREST:

i) The Borrower/Co-Borrower(s) agrees to pay interest at the Rate on such rests as

specified in the sanction letter and pay the same @..........................................

ii) Notwithstanding the above, the Borrower agrees that the interest Rate may
increase/decrease on account of the directives of the Bank/RBI and in that case the
Borrower agrees to pay interest at such revised rate.

iii) In case the said facility is taken over by some other RBI/FI, the concession in the rate
of interest shall stand withdrawn retrospectively and the interest at the actual
applicable rate shall be recovered from the borrower.

iv) Without prejudice to the above, the bank will also have the right to charge and the
Borrower will remain liable to pay the Default/Penal Interest Rate at such rate as may
be prescribed by the Bank and/or the RBI, from time to time.

Schedule of repayment

Loan Agreement dated:………….2024.

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Name and address of the Borrower: Ms Roshnie Begum Wife of Mr Gh Ahmad Mir
R/O Hangah Handwara District Kupwara Jammu & Kashmir.

Business activity/ Profession: ______________

Nature of Loan: JK Bank Laptop Finance Scheme.
Loan Amount: Rs.60000/= (Rupees Sixty Thousand only)
Moratorium Period: Nil
Repayment Period: 48 months
Equated Monthly Installment (EMI): Rs.1711/=
Date of commencement of repayment/interest: ...................................
Annualized/Effective rate of interest: MCLR 3Y +3 (presently effective _______%)
EMI Frequency: Monthly
EMI payable on: Last day of each month.

Installment/Interest Installment/Interest Total Installment

Start Date End Date
Principal Interest

20. PANEL INTEREST:- “Without prejudice to the above, the Bank will
also have the right to charge and the Borrower/Co- Borrower(s) will remain liable to
pay the Default/Penal Charges at such rate in accordance with the sanction letter
and Schedule to this loan agreement or as may be prescribed by the Bank and/or
the RBI, from time to time, in case the Borrower/Co-Borrower(s)
i) Defaults in Repayment of interest/ principal / equated installments on due date;
ii) Defaults in Submission of statements of stocks/book-debts in case of fund based
working capital facilities on due date,
iii) Delay servicing on interest/ principal, delayed submission of financial statements/
stock statements/ other data,
iv) Irregular drawings in Fund Based working capital limits, delayed adjustment of
ad-hoc credit facilities/ TOD facilities, or on any other circumstances or instances
specifically recorded in sanction letter or which is warranted by the Banks guidelines
or RBI guidelines related to such credit facilities availed by the borrower/co-
borrower; provided that the charging or payment of such Default/Penal charge rate
shall be without prejudice to other rights and remedies of the Bank”.

The Borrower has set and subscribed his/her hands unto this LOAN AGREEMENT
in presence of witnesses.

W I T N E S S E S:

1,
Mr. ________________________, -----------------

S/o:________________________, Ms Roshnie Begum

R/o:________________________; (B O R R O W E R)

2,
Mr. ________________________,
S/o:________________________,
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R/o:________________________.

For and on behalf of the Bank

The Jammu and Kashmir Bank Ltd.
B/U: D.C Office Complex Kupwara
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To

M/S: Ess Emm Business Group

Supply of: Home Appliances viz Battery 200AH Model, Inverter Luminous
2250, Inverter + Battery, LED and Freezer.

Dated: _______2024
Dear Sir,

We hereby credit your account no. ______________________________ at

______________ vide Tran no. ____________ dated _________, by an amount of
Rs. ________________/= on account of delivery of above said items /
product favouring, Ms Roshnie Begum Wife of Mr Gh Ahmad Mir
Resident of Hangah Handwara Tehsil Kupwara District Kupwara
Jammu & Kashmir. The amount has been credited against your bill no.
__________ dated ______________, being 100% cost of the product/s / item/s
to be supplied by you. It is as such requested to kindly deliver the
product/s / item/s to the party on the authority of this letter.

Please note that the amount is to be appropriated specially towards

the purchase price of the said product/s /item/s. It should not be
appropriated by you towards set off against any other debt or liability due
owing to you by the said party. Please note that the Bank will have the
right to call back the amount until you deliver the product/s / item/s to the
above referred party and obtain his acknowledgement.

Please incorporate the clause “under hypothecation agreement”

with the Jammu & Kashmir Bank Ltd. B/U D.C Office Complex Kupwara,
in the sale letter and intimate us the full particulars of the said product/s /
item/s such as year of manufacture etc. of the said product/s / item/s
delivered the party.

Yours faith fully,

Authorized Signatory
JKB D.C Office Complex Kupwara
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COVERING LETTER OF SERUTINY OF DOCUMENTS

To, Place: Kupwara

The Manager, Dated:________2024
The Jammu and Kashmir Bank Limited,
Branch Office: D.C Office Complex Kupwara

Dear Sir,

In consideration of your Bank having sanctioned a Laptop Loan facility of

Rs.60000/= (Rupees Sixty Thousand only) in my favour. I enclose hereto the
following documents for the security of the aforementioned loan facility.

1. D.P. Notes for Rs.60000/=

2. Loan-cum-Hypothecation Agreement;
3. Deed of Guarantee.

The bank shall be at liberty to enforce all or any of the aforesaid

documents against the executants/s in the event of any breach of the terms and
conditions of the said advance/facility and/or in case any default is made by me
in the performance of the said account.

You are requested to kindly accept the enclosed documents and release
the said credit facility so that the purpose for which the same has been
sanctioned is fulfilled. It is assured that I shall exclusively bank with you and
shall strictly abide by all the terms and conditions of the said credit facility.

Yours faithfully,

Ms Roshnie Begum
wife of Mr Gh Ahmad Mir
resident of Hangah Handwara
District Kupwara

(B o r r o w e r)
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LETTER OF GUARANTEE

The Manager Place:

Kupwara
The Jammu & Kashmir Bank Limited. Dated: ______/08/2022
B/O: D.C Office Complex Kupwara

Dear Sir,

In consideration of your having allowed/agreed to allow a Professional/

Businessmen/ Self-employed/ proprietorship concerns– Consumer Loan
Scheme of Rs. 60000/= (Rupees Sixty Thousand only), to Ms Roshnie
Begum Wife of Mr Gh Ahmad Mir Resident of Hangah Handwara District
Baramulla Jammu & Kashmir, hereinafter referred to as the “BORROWER”
(which expression shall be deemed to include his/her heirs, executors,
administrators successors and assigns) for purchase of Fresh Honda Genset
EU301 5KVA.

I/We,
Ms. Samia Sadaf wife of Mr Gh Ahmad Mir Resident of Hangah
Handwara District Kupwara Jammu & Kashmir, hereby solemnly guarantee
to you the repayment on demand in writing of all moneys, interest and other
charges, which at any time be due to you from the said Borrower until
adjustment of his/her account in full. Provided always that my/our liability/ies
under this guarantee shall not exceed Rs.60000/= (Rupees Sixty Thousand
only) and Interest thereupon.

I/We further jointly and severally agree, covenant and confirm as follows: -
1. That this guarantee shall be full, perfect and continuing guarantee for
repayment of the said loan, together with Interest thereupon at the rate of
_______% / _______% below/above the Marginal Cost Lending Rate (MCLR) of the
Bank per annum with monthly rests and/or such other rate of Interest as may be
prescribed by the bank from time to time along with other charges, costs,
expenses etc.
2. That this guarantee shall not be affected by grant of time and/or other
indulgence and/or any settlement or compromise between the Bank and the said
Borrower.
3. That this guarantee shall be without prejudice to any of the securities,
which your Bank may now, or hereafter have from the Borrower.
4. That the entries as reflected in the statement of account of the Borrower
shall be conclusive proof of the outstanding/s against him/her which shall be the
liability of the Guarantor as well.
5. That the Bank shall be entitled to proceed against me/us for recovery of
the dues outstanding against the said Borrower without first proceeding against
him/her or exhausting any of the securities that may at any time be held by the
Bank in the loan account of the Borrower.
6. That I/We further agree that with respect to my/our liability hereunder,
the Bank shall have a lien on all the securities belonging to me/us now or
hereafter held by you and all the moneys now or hereafter standing to my/our
credit in any account and the Bank shall be entitled to realize/appropriate/set off
and adjust the same in the loan account of the Borrower.

Page 2nd

7. It is agreed that I/We shall not be entitled to any of the rights conferred on
sureties under sections 133, 134, 135, 137, 138, 139, and 141of the Contract Act
and I/We also agree that I/We shall not be discharged of my/our liability/ies if loan
account of the Borrower is transferred by the Bank from one branch to another.
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8. That this guarantee shall not be affected by my/our death but shall remain in
force against my/our legal heirs etc., until the amount due to the Bank is repaid in
full.
9. That on demand being made by your Bank for the payment of any amount
under this guarantee, the same shall be paid without any demur or protest by me/us
and the notice for the claim to me/us shall be conclusive of the amount due from
me/us under these presents.
10. That I/We hereby agree/s as a pre-condition of the loan given to the Borrower
by the Bank that in case the Borrower commits default in the repayment of the loan
or in the repayment of interest thereon or any other agreed installment of the loan
on due dates the Bank or the Reserve Bank of India will have an unqualified right to
disclose or publish my/our name/s as Guarantor/s in such manner and through such
medium as your Bank or the Reserve Bank of India in their absolute discretion may
think fit.
11. That as a pre-condition of the loan given to Borrower by the Bank I/We
hereby agree and give my/our consent for the disclosure by the Bank of all or any
information and data relating to me/us and/or my/our obligation in any credit facility
granted and/or to be granted by the Bank and guaranteed by me/us as Guarantor/s,
and default, if any committed by me/us, in discharge thereof, as the Bank may
deem appropriate and necessary to disclose and furnish to the Credit Information
Bureau (India) Limited and any other agency authorized in this behalf by Reserve
Bank of India AND
(a) The Credit Information Bureau (India) Limited and any other agency
authorized may use and process the said information and data disclosed by the
Bank in the manner as deemed fit by them; and
(b) The Credit Information Bureau (India) Limited and any other agency
authorized 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 Reserve Bank of India in
this behalf.

W I T N E S S E S:
Yours faithfully,

Name :…………………………..
S/O:………………………………
R/O: …………………………….. Ms. Samia Sadaf

(Guarantor)
Name: ………………………….
S/O:………………………………
R/O………………………………..

CERTIFICATE REGARDING EXECUTION OF THE SECURITY DOCUMENTS

The Branch Head

The Jammu & Kashmir Bank Ltd.
Business Unit: D.C Office Complex Kupwara

SUB: Security Documents of, Fayaz Ahmad Sheikh wife of Mohd Amin Wani resident of
Hangah Handwaratehsil & District Kupwara.
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Certified that the captioned Borrower and his/her guarantors, , have been personally
identified by me and they have executed all the necessary security documents in my presence and
to my satisfaction for securing a JK Bank Professional/ Businessmen/ Self-employed/
proprietorship concerns– Consumer Loan Scheme of Rs. 60000/= to buy Consumer

durables, sanctioned by our Bank in favour of captioned Borrower vide sanction letter
No.__________________________________ dated _________ / 2022.

Signature with code

No.

Name

Manager (Advance)
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COMPLIANCE REPORT OF FULFILMENT OF TERMS AND CONDITIONS

Business Unit: D.C Office Complex Kupwara

______________________________________________________________________________

Name of the Borrower

Fayaz Ahmad Sheikh

wife of Mohd Amin Wani
resident of Hangah Handwara
tehsil & District Kupwara
_______________________________________________________________________________
Nature of facility Amt. sanctioned Sanctioning Authority Sanction
No._____________________
Consumer Loan Rs. 60000/= Discretionary Powers
_______________________________
to Public Dated______________

Date of Disbursement
Status of compliance of
Prescribed terms & conditions (Fully complied /
Partially Complied)
Conditions Complied (In case of Partial Completion)
Description of conditions pending
For compliance
Reason for pendency and approval
of competent Authority in this regard, if any

Incharge Advance
Name & Code No.

Instructions for release of the facility to be recorded by Branch head.

Branch Head
Name & code No.
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The Manger, Place:- Kupwara

The J & K Bank Ltd. Date:- ________2022
B/U: D.C Office Complex Kupwara

Dear Sir,

Certified that the legal documents of, Ms Roshnie Begum wife of Mr Gh

Ahmad Mir resident of Hangah Handwara tehsil & District Kupwara, has been
prepared by our Khidmat Centre, all the mentioned documents are properly stamped and are in
order.

1. D.P. Note, for Rs. 60000/=

2. Loan-cum-Hypothecation Agreement;

Khidmat Centre
VLE Code No. KKUP0030
Zahoor Ahmad Mir
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DEED OF GUARANTEE
This Deed of Guarantee is executed on this the _______2024 at Kupwara
by, (1) Mr Gh Ahmad Mir S/O Mr Gh Rasool Mir Resident of Hangah
Handwara District Kupwara Jammu & Kashmir, (2) Mr Nazir Ahmad Mir S/O Mr
Habibullah Mir Resident of Batagund Kupwara District Kupwara Jammu &
Kashmir, (hereinafter jointly referred to as the “Guarantors”, which expression
shall where the subject or the context so admits include their respective heirs
and other legal representatives) in favour of The Jammu & Kashmir Bank
Ltd., a banking company incorporated under the then J & K Companies
Regulation, No. XI of, 1977 (Samvat era), having its registered office at
Corporate Headquarters, M. A. Road, Srinagar, branch/ business unit D.C
Office Complex Kupwara , Kashmir, (hereinafter briefly the “Bank”, which
expression shall where the subject or the context so admits includes its officers,
agents, successors and assigns).

Whereas the Bank at the request of Ms Roshnie Begum Wife of Mr Gh

Ahmad Mir Resident of Hangah Handwara District Kupwara Jammu & Kashmir,
(hereinafter briefly called the “Borrower” which expression shall where the
subject or the context so admits include his transferees, heirs and other legal
representatives) has sanctioned in his favour a JK Bank Laptop Loan facility of
Rs.60000/= (Rupees Sixty Thousand only)(hereinafter briefly called the
“Loan Facility”) for financing Home Appliances.
And whereas the Bank has sanctioned the Loan Facility in favour of the
Borrower against the guarantee of the Guarantors who have agreed to furnish the
same to the Bank;

N O W T H I S D E E D O F G U A R A N T E E W I T N E S S E S A S U N D E R :-
1. In consideration of the Bank having agreed to allow the Loan Facility of
Rs.60000/= (Rupees Sixty Thousand only) to the Borrower, the Guarantors jointly and
severally hereby guarantee to the Bank unconditional, absolute and full repayment of the all
moneys which are now, or hereafter shall become owing as the balance of the said Loan
Facility account of the Borrower, together with the interest thereon; and promise due and
prompt payment of whole or part of the same as may be demanded by the Bank in the
event of the Borrower committing a default in payment thereof or a breach of any of the
terms and conditions governing the Loan Facility: the decision of the Bank regarding the
occurrence of the default or the breach to be final. On demand being made by the Bank for
payment of any amount under this guarantee, the Guarantor shall as principal debtors pay
the same without any demur or protest or cavil, and the notice for claim issued to the
Guarantor shall be conclusive proof of the amount as due and payable from Guarantors
under these presents.

2. The Guarantor shall be liable to pay interest on the Loan Facility at such rate/s as
is/ may be prescribed by the Bank from time to time. The said interest shall be charged
by the Bank with monthly rests or at such other rests as may be prescribed from time to
time. The interest shall be calculated for each month for actual number of days in that
month on the basis of a year of 365 1/4 days. The interest as aforesaid shall also be
payable by the Guarantors on every other amount that may be debited by the Bank to
the Loan Facility account of the Borrower and any such amount remaining unpaid shall
bear same interest as the Loan Facility.

3. In order to give effect to this guarantee the Bank shall be entitled to act as if the
Guarantors were the principal debtors to the Bank. The Guarantors shall be liable to pay
interest/s on the Loan Facility at the same rate/s at which the Borrower shall be liable to
pay the same. The Guarantor also covenant and promise to reimburse the all sums to the
Bank and keep it completely indemnified, harmless and protected against all losses,
damages, costs, claims and expenses whatsoever which the Bank may suffer, pay or incur
by reawife of any default on the part of the Borrower or for the purpose of enforcing this
guarantee. The security of guarantee hereby created shall be in addition to any other
security held or to be held by the Bank for the Loan Facility. This guarantee shall subsist in
favour of the Bank in respect of the Loan Facility or any other financial accommodation or
credit facility allowed/ to be allowed by the Bank to the Borrower and the Bank may hold
this guarantee as security also for any other amount now or at any time to be due and
payable to the Bank from the Borrower whether singly or jointly with any other person.
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4. If the Borrower at any time be found not liable to the Bank by reawife of his
incapacity to borrow or for any other reason whatsoever, or if the Guarantors are found to
be not liable as sureties under this guarantee for any reason whatsoever, then in such
case/s this guarantee shall be construed as an indemnity by the Guarantors in favour of
the Bank and the Guarantors shall be nonetheless liable as indemnifiers to keep the Bank
comprehensively indemnified, harmless and protected against all losses, damages, costs
and expenses that would be suffered/incurred by the Bank but for this indemnity of the
Guarantors.

5. This guarantee shall remain in force until the Borrower finally repays the balance
outstanding in his Loan Facility account and is discharged in full from his indebtedness
towards the Bank, and the Guarantors guarantee to the Bank repayment of, in case the
Borrower fails to pay, the Loan Facility with interest and/ or any other claim or demand
held by the Bank against the Borrower.

6. The Bank shall have the liberty without affecting this guarantee to postpone for
any time or from time to time the exercise of the power/s conferred on it by the terms
and conditions of the Loan Facility, and/ or to exercise the same at any time and in any
manner, and either to enforce or forebear to enforce the covenants for payment of the
Loan Facility including the interest thereon, or any other covenant contained or implied
in the terms and conditions of the loan agreement executed between the Borrower and
the Bank, or any other remedies or securities available to the Bank; the Guarantors
shall not be released by any exercise or non-exercise by the Bank of its discretion with
reference to the matters aforesaid or any of them, or by reawife of time given to the
Borrower or of any other forbearance, act or omission on the part of the Bank or by any
other matter or thing whatsoever which under the law relating to the sureties would
but for this provision have the effect of so releasing the Guarantors.

7. The Bank shall also have the liberty without affecting this guarantee to postpone
for any time or from time to time the payment of the Loan Facility or the interest thereon
or agree to any revision or modification or extension of the period of repayment of the
Loan Facility and/ or to any postponement of realization of the interest or other moneys
and/ or to conversion of arrears of interest into principal amount on such terms and
conditions as may be considered fit by the Bank including any increase in the rate of
interest. The Bank may also accept any security/ies or part with or sell the same without
notice to the Guarantors and their liability as such shall remain unaffected in any such
event.

8. The liability of the Guarantors under this guarantee shall be co-extensive with
that of the Borrower. Nevertheless, the Guarantors shall be liable under this guarantee
even if any security given or to be given to the Bank may be void or ineffective or the
Borrower has exceeded his powers or the arrangement of the Borrower with the Bank
is ultra-vires and all moneys due shall be deemed to form a part of the present
guarantee. The Guarantors shall not be discharged from their liability by the Bank’s
releasing the Borrower, and the rights conferred on sureties under sections 133,
134, 135, 137, 138, 139 and 141 of the Contract Act and all other rights which the
Guarantors might otherwise have are hereby waived by the Guarantors. The Bank
shall be entitled to proceed against the Guarantors for the recovery of its dues
without proceeding against the Borrower or exhausting all or any of the securities
held by it.

9. The Guarantors covenant that during the Borrower’s indebtedness the Bank
shall have the right of general lien over all goods/ securities/ negotiable instruments,
documents of title etc., of the Guarantors and shall also have the right of set-off/
appropriation of any moneys, claims or sale proceeds of the properties of the
Guarantors in hands of the Bank towards adjustment of the Loan Facility. The
appropriation shall be made by the Bank towards discharge of the debts in order of
time whether they are or are not time barred under the law of limitation for the time
being in force. Amongst the debts of same standing the expenses, costs, charges, etc.
shall be adjusted first, the interest shall be adjusted next and the Loan Facility or any
other principal sum shall be adjusted at last.

10. The Bank may also consolidate and combine any two or more loan accounts
of the Borrower by transferring the balance of one account into the other as the
Bank in its absolute discretion deems fit, at any time – regardless of the status of
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those two accounts at such time. And in addition to the statutory right of general
lien or other similar right of the Bank as a banker, the Bank may at any time and
without any notice to the Guarantor combine or consolidate all or any of their
accounts with, and liabilities to, the Bank and set-off or transfer any credit
balance/s of these account/s in satisfaction of the liabilities of the Borrower/
Guarantors towards the Bank in any respect, whether such liabilities be actual,
contingent, several or joint, and pending any such action, to the extent necessary,
may hold such amounts as collateral to secure such obligations and liabilities of the
Borrower/ Guarantors and to return as unpaid for insufficient funds any and all
checks and other items drawn against any such credits/ deposits so held as the
Bank in its sole discretion may elect.

11. In case the Bank calls upon the Guarantors to pay a part of the Loan Facility and
the same is paid by the Guarantors, the guarantee herein contained shall not be deemed
to be over or exhausted but shall continue to be effective and in force with respect to the
indebtedness of the Borrower for the remaining part of the Loan Facility. A waiver by the
Lender shall be in writing. Neither the failure by the Bank on any occasion to insist upon
the performance of the provisions/ terms and conditions of this agreement, nor any time
or indulgence granted by the Bank to the Borrower/ Guarantors, shall act as a waiver of
such breach or acceptance of any variation or relinquishment of any such right or other
right under this agreement which shall continue to remain in full force and effect. If the
Bank in its absolute discretion grants an indulgence to the Borrower/ Guarantors and
condones an event of default that has occurred, then subject to fulfilment of the
conditions, if any, prescribed by the Bank for such indulgence and condonation, this
agreement shall continue to be applicable as if no such event of default had ever
occurred. If the Bank in its absolute discretion chooses not to exercise any of its rights or
powers against, or grants any relaxation to, the Borrower, the same shall not be deemed
a waiver on the part of the Lender of any of its rights or powers. No omission on the part
of the Bank to take any action under this agreement shall be deemed to permit the
Guarantors to continue or repeat the breach or default in respect of which the Bank
omits to take action. No exercise by the Bank of one right or remedy shall be deemed an
election; and no delay by the Bank shall constitute a waiver, election, or acquiescence by
it.

12. This guarantee shall be full, complete, perfect and continuing one and shall remain
in force against the Guarantors till the Loan Facilities hereby secured are fully adjusted
and the Borrower is discharged in full of his indebtedness towards the Bank. The Bank may
release one or more of the Guarantors against some payment or otherwise without losing
any of its rights against the remaining Guarantor/s. This guarantee shall not be affected
by any change in the constitution of the Bank, its successors or assigns or by its
absorption or by its amalgamation with any other Bank/s and/or by any change in the
constitution of the Borrower or by any change in the status of the Borrower by reawife
of it being declared insolvent and this guarantee shall remain in full force until the
amounts due from the Borrower are fully and finally liquidated and adjusted. During the
subsistence of this guarantee the Guarantors shall not sell, mortgage or transfer their
movable/ immovable assets without prior permission in writing from the Bank.

13. Any account settled or started between the Bank and the Borrower shall be
accepted by the Guarantors as conclusive and final and a certificate in writing signed by
an officer of the Bank stating the balance on any particular date payable under this
guarantee shall be conclusive evidence against the Guarantors. Any balance confirmed
and acknowledged by the Borrower or his agent as outstanding on a particular date
shall be deemed to be confirmed and acknowledged by the Guarantors especially for
the purpose of extension of limitation.

14. The Guarantors agree and consent for the disclosure by the Bank of any
information and data relating to the Guarantors, the information and data relating to
the Loan Facility or any credit facility and default, if any, committed by the Borrower/
Guarantors as the Bank may deem appropriate and necessary, to Credit Information
Bureau (India) Limited and any other Agency authorized in this behalf by the Reserve
Bank of India. Credit Information Bureau (India) Limited and any other Agency so
authorized may use, process the said information and data disclosed by the Bank in the
manner as deemed fit by the them, and/or 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 Reserve Bank of India in this behalf. The Guarantors hereby also
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agree that in case the Guarantors commit default in the repayment of the Loan
Facility, the Bank and/ or the Reserve Bank of India shall have an unqualified right to
disclose or publish the names and photographs of the Guarantors as defaulters in such
manner and through such medium as the Bank or the Reserve Bank of India in their
absolute discretion may think fit.

15. The Bank shall have the right to sell the any part or whole of the Loan
Facility on one or more occasions to any bank/s or financial institution/s or any
other competent purchaser on such terms not inconsistent with the terms of this
deed and the loan agreements executed between the Borrower and the Bank, as
the Bank may deem fit. In the event of any such sale the Bank shall accordingly
intimate the Guarantors in writing whereupon the provisions of this deed shall be
deemed to have been made as well between the Guarantors and such purchaser.

16. The provision of this deed shall be severable and this deed shall not
become invalid by reason only of any provision hereof being invalid or un-
enforceable. Save and except where the contrary is the expressly intended, all
the rights and powers conferred upon the Bank under this deed shall be in
addition to, and not in derogation of, any other rights or powers of the Bank under
any statute for the time being in force.

Singed and delivered by the Guarantors in presence of the witnesses and

accepted by the Bank at the place and on the date herein fore already mentioned.

W I T N E S S E S: G U A R A N T O R / S:

1,
Mr. __________________________ ---------------
S/O:_________________________ 1, Mr Gh Ahmad Mir
R/O:_________________________

2,
Mr. __________________________ ---------------
S/O:__________________________ 2, Mr Nazir Ahmad Mir
R/O:__________________________

Accepted for the Lender

Authorized Signatory
B/U: D.C Office Complex Kupwara
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LETTER O F GUARANTEE

The Manager Place: Kupwara

The Jammu & Kashmir Bank Limited. Dated: ____________/ 2022
B/O: D.C Office Complex Kupwara

Dear Sir,
In consideration of your having allowed/agreed to allow a Professional/ Businessmen/ Self-
employed/ proprietorship concerns– Consumer Loan Scheme of Rs. 60000/= (Rupees Sixty Thousand
only), to Ab Majeed Mir wife of Mohammad Assadullah Mir resident of Cheerkoot Lolab tehsil & District
Kupwara, hereinafter referred to as the “BORROWER” (which expression shall be deemed to include
his/her heirs, executors, administrators successors and assigns) for purchase of Fresh Honda Genset EU301
5KVA.

I/We,
(1) Nazir Ahmad Mir wife of Mohammad Assadullah Mir resident of Cheerkoot Lolab district
Kupwara, AND (2) Peerzada Nasir wife of Peer Gh Nabi resident of Kharbagh Kupwara
district Kupwara, hereby solemnly guarantee to you the repayment on demand in writing of all
moneys, interest and other charges, which at any time be due to you from the said Borrower until
adjustment of his/her account in full. Provided always that my/our liability/ies under this guarantee shall
not exceed Rs.60000/= (Rupees Sixty Thousand only) and Interest thereupon.

I/We further jointly and severally agree, covenant and confirm as follows: -
1. That this guarantee shall be full, perfect and continuing guarantee for repayment of the said loan,
together with Interest thereupon at the rate of _______% / _______% below/above the Marginal Cost
Lending Rate (MCLR) of the Bank per annum with monthly rests and/or such other rate of Interest as may
be prescribed by the bank from time to time along with other charges, costs, expenses etc.
2. That this guarantee shall not be affected by grant of time and/or other indulgence and/or any
settlement or compromise between the Bank and the said Borrower.
3. That this guarantee shall be without prejudice to any of the securities, which your Bank may now, or
hereafter have from the Borrower.
4. That the entries as reflected in the statement of account of the Borrower shall be conclusive proof of
the outstanding/s against him/her which shall be the liability of the Guarantor as well.
5. That the Bank shall be entitled to proceed against me/us for recovery of the dues outstanding against
the said Borrower without first proceeding against him/her or exhausting any of the securities that may at
any time be held by the Bank in the loan account of the Borrower.
6. That I/We further agree that with respect to my/our liability hereunder, the Bank shall have a lien on
all the securities belonging to me/us now or hereafter held by you and all the moneys now or hereafter
standing to my/our credit in any account and the Bank shall be entitled to realize/appropriate/set off and
adjust the same in the loan account of the Borrower.

Page 2nd

7. It is agreed that I/We shall not be entitled to any of the rights conferred on sureties under sections
133, 134, 135, 137, 138, 139, and 141of the Contract Act and I/We also agree that I/We shall not be
discharged of my/our liability/ies if loan account of the Borrower is transferred by the Bank from one branch
to another.

8. That this guarantee shall not be affected by my/our death but shall remain in force against my/our
legal heirs etc., until the amount due to the Bank is repaid in full.
9. That on demand being made by your Bank for the payment of any amount under this guarantee, the
same shall be paid without any demur or protest by me/us and the notice for the claim to me/us shall be
conclusive of the amount due from me/us under these presents.
10. That I/We hereby agree/s as a pre-condition of the loan given to the Borrower by the Bank that in
case the Borrower commits default in the repayment of the loan or in the repayment of interest thereon or
any other agreed installment of the loan on due dates the Bank or the Reserve Bank of India will have an
unqualified right to disclose or publish my/our name/s as Guarantor/s in such manner and through such
medium as your Bank or the Reserve Bank of India in their absolute discretion may think fit.
11. That as a pre-condition of the loan given to Borrower by the Bank I/We hereby agree and give
my/our consent for the disclosure by the Bank of all or any information and data relating to me/us and/or
my/our obligation in any credit facility granted and/or to be granted by the Bank and guaranteed by me/us as
Guarantor/s, and default, if any committed by me/us, in discharge thereof, as the Bank may deem appropriate
and necessary to disclose and furnish to the Credit Information Bureau (India) Limited and any other agency
authorized in this behalf by Reserve Bank of India AND
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(a) The Credit Information Bureau (India) Limited and any other agency authorized may use and
process the said information and data disclosed by the Bank in the manner as deemed fit by them; and
(b) The Credit Information Bureau (India) Limited and any other agency authorized 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 Reserve Bank of India in
this behalf.

W I T N E S S E S: Yours faithfully

Name :…………………………..
S/O:……………………………… Nazir Ahmad Mir
R/O: ……………………………..

Name: …………………………. Peerzada Nasir

S/O:………………………………
R/O:……………………………… (G U A R A N T O R/ S)

Rs. 1.00/= Lacs Place

___________

(Rupees Sixty Thousand only)

Dated____________

On demand I, Ab Majeed Mir wife of Mohammad Assadullah Mir

resident of Cheerkoot Lolab district Kupwara, do hereby promise to pay
The Jammu and Kashmir Bank Limited through its branch office/
business unit D.C Office Complex Kupwara, or order a sum of
Rs.60000/= (Rupees Sixty Thousand only), with interest thereon
from this date @_________% per annum with monthly rests or at/ with such
other rate/ rests as may be prescribed by the said bank from time to time,
for value received.

Ab Majeed Mir
wife of Mohammad Assadullah
Mir
resident of Cheerkoot Lolab
district Kupwara
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under Stamp act is paid vide e-Stamp
Certificate No. IN-JK

Place ___________

Rs.60000/= Dated__________

On demand I, Ms Roshnie Begum wife of Mr

Gh Ahmad Mir resident of Hangah Handwara
District Kupwara, do hereby promise to pay The
Jammu and Kashmir Bank Limited through its
branch office/ business unit D.C Office Complex
Kupwara, or order a sum of Rs.60000/= (Rupees
Sixty Thousand only), with interest thereon from
this date @_________% per annum with monthly
rests or at/ with such other rate/ rests as may be
prescribed by the said bank from time to time, for
value received.

Ms Roshnie Begum
wife of Mr Gh Ahmad Mir
resident of Hangah Handwara
District Kupwara