final bonds arvind
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7/27/2019 Final Bonds Arvind
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FORM OF BOND FOR EXPENSIVE TRAINING TO PSPCL EMPLOYEES
Know all men by these present that I______________________________________
Son of Sh..______________________________________resident of _________________
_____________________________________________________in the District of
_______________ (herein after called. “The Principal Party”) and (i)Shri________________________________________Son of Sh._____________________
Resident of________________________________________________________________
and (ii) Sh. ______________________________________Son of
Shri____________________________________resident of_________________________
___________________________________sureties on behalf of the Principal Party do
hereby jointly and severely bind ourselves and our respective heirs, executors,
administrator and legal representatives to pay to the Punjab State Power Corporation (here
in after called, “The Corporation” which expression shall include its successors etc. of the
Principal Party all expenses incurred by the Corporation of the SAP software training.
Date this_____________day of_______________Two thousand and______________
Where as the above bounded Principal Party has been deputed on specialized SAP
software Training by the Corporation.
Now the condition of the above written obligation is that in the event of the above
bounded Principal Party Sh._____________________________ failing to continue his
duty during and after the period of training or resigning or leaving his job at any time
during or within a period of two years after conclusion of the training without any prior
permission in writing of the Corporation, the Principal Party and sureties shall forthwith
refund to the Corporation as may be directed by the Corporation on demand the entire
expenses incurred on the SAP training of the Principal Party.
And upon making the such payment by Principal Party
Sh._____________________________________ and Sh.___________________________
And Sh.___________________________________________ sureties , the above written
obligation shall be void and of no effects, otherwise it shall and remain in force and virtue.
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Provided always that the liabilities of the sureties hereunder shall not be impaired or
discharged by reasons of time being granted or by any forbearance act or omission of the
Corporation or any person authorized by it (Whether with or without the consent or
knowledge of the sureties) nor shall it be necessary for the Corporation to sue the said
Principal Party before suing the above bounden sureties
Sh.__________________________________& Sh._______________________________
Or any of them for amount due hereunder.
IN WITNESS WHEREOF THE PRINCIPAL PARTY AND THE SURETIES
Hereto have set and subscribed their respective hands hereto on this
day________________
Two thousands and________________.
Signed and delivered by the aboveBounden in the presence of BOUNDEN PRINCIPAL PARTY
(Signatures of sureties)
1._______________________________
2.._____________________________
(i) Signed and delivered by the surety above
named Sh.____________________________ in the presence of the____________________
(Name of witness and complete address.)
(ii) Signed and delivered by the surety abovenamed Sh.____________________________
in the presence of____________________
(Name of witness and complete address.)
(WITNESS SIGNATURE)
1._____________________________
2._____________________________
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FORM OF BOND FOR EXPENSIVE TRAINING TO PSPCL EMPLOYEES
Know all men by these present that I AJAY PAL SINGH ATWAL Son of
Sh. JAI SINGH ATWAL resident of 119 SIDHU COLONY, BHADSON ROAD,
PATIALA in the District of PATIALA (herein after called. “The Principal Party”) and
(i) Shri Kewal Singh Son of Sh. Dalbara Singh resident of 6-Power Colony II,
Shakti Vihar, Patiala and (ii) Sh. H.S.Handa Son of Shri J.S.Handa resident of 64E,
Hira Nagar, Patiala sureties on behalf of the Principal Party do hereby jointly and
severally bind ourselves and our respective heirs, executors, administrator and legal
representatives to pay to the Punjab State Power Corporation (here in after called, “The
Corporation” which expression shall include its successors etc. of the Principal Party allexpenses incurred by the Corporation of the SAP software training.
Date this 17th day of MAY Two thousand and Thirteen.
Where as the above bounded Principal Party has been deputed on specialized SAP
software Training by the Corporation.
Now the condition of the above written obligation is that in the event of the above
bounded Principal Party Sh. AJAY PAL SINGH ATWAL failing to continue his duty
during and after the period of training or resigning or leaving his job at any time during or
within a period of two years after conclusion of the training without any prior permission
in writing of the Corporation, the Principal Party and sureties shall forthwith refund to the
Corporation as may be directed by the Corporation on demand the entire expenses incurred
on the SAP training of the Principal Party.
And upon making such payment by Principal Party Sh. AJAY PAL SINGH
ATWAL and Sh.Kewal Singh and Sh.H.S.Handa sureties, the above written obligationshall be void and of no effects, otherwise it shall and remain in force and virtue.
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Provided always that the liabilities of the sureties hereunder shall not be impaired
or discharged by reasons of time being granted or by any forbearance act or omission of
the Corporation or any person authorized by it (Whether with or without the consent or
knowledge of the sureties) nor shall it be necessary for the Corporation to sue the said
Principal Party before suing the above bounden sureties Sh. Kewal Singh & Sh.
H.S.Handa or any of them for amount due hereunder.
IN WITNESS WHEREOF THE PRINCIPAL PARTY AND THE SURETIES
hereto have set and subscribed their respective hands hereto on this day 17th May Two
thousands and Thirteen .
Signed and delivered by the above
Bounden in the presence of BOUNDEN PRINCIPAL PARTY
(Signatures of sureties)
1._______________________________
2._____________________________
(i) Signed and delivered by the surety abovenamed Sh.Kewal Singh,AEE, PSPCL, ID 106959
in the presence of Sh.Rajdeep Singh, JE, PSPCL, Kamboj House,Street No.4, Anand
Nagar-A Extension, Patiala.
(Name of witness and complete address.)
(ii) Signed and delivered by the surety above
named Sh H.S.Handa, AEE, PSPCL ,ID 108228
in the presence of Sh.Ashwani Kumar, AAE, PSPCL, H.No. 114, Street No.1, Gurbax
Colony, Patiala
(Name of witness and complete address.)
(WITNESS SIGNATURE)
1._____________________________
2. _____________________________