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BETWEEN
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2. Mr. G.LAKSHMI NARASIMMAN , S/o. Late P.R. Gopinatha Rao, residing
at Door No. 225, 6th Street, Gandhipuram, Coimbatore -641 012.
1. 4.
2. 5.
3. 6.
6. Mrs. G.RAKMA BAI , W/o. C.G. Gururaj, residing at Door No. 741, F
Cross, 1st Street, 4th Block, 3rd Stage, Pasaveswar Nagar, Bangalore - 560079.
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of time and at the same time the parties 1 to 3 herein keeping in mind that the
parties 4 to 6 are also the children of their father P.R. Gopinatha Rao and also
take into consideration that the peace and tranquility within the family should
not be spoiled by the parties resorting to any litigation and in the interest of
safeguarding the family name and at the bequest of the advise of the well
wishers the parties 1 to 3 had decided to give a monetary package to parties 4
to 6 only by way of good will and gesture at the time of property being sold .
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AND WHEREAS the family arrangement which was entered into orally
on 10.2.2008 should not be misinterpreted at a later time and to avoid any
difference of opinion at a later point of time the parties hereto are desirous of
setting their hand in this memorandum by way of confirming the oral family
arrangement which took place on 10.2.2008.
AND NOW THIS DEED WITNESSETH AS FOLLOWS:-
1. The parties hereto agree and confirm that the schedule mentioned
property belongs absolutely to parties 1 to 3 herein only and that no one else
has any right, title or interest over the same.
2. The parties hereto further agree that no. 1 to 3 of the parties shall jointly
and equally contribute and pay a sum of Rs. 25 lakhs to no. 4 of the party
herein and Rs. 10 lakhs each to no. 5 and 6 of the parties hereto.
3. The parties hereto further agree that upon the sale deed being executed
by parties no. 1 to 3 herein as vendors, the parties 4 to 6 will sign the sale deed
or deeds as confirming parties by way assuring the title in favour of the
purchaser and upon such execution will receive the amount in accordance to
the concluded terms of the family arrangement in the manner stated in clause
2 herein above.
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4. That the parties 4 to 6 confirm that they would not only sign the sale
deed by way of assuring the title in favour of the purchaser in respect of the
schedule mentioned property but also be present in the sub-registrar's office
and complete the registration formalities
And that this memorandum of family arrangement confirms the terms of
the oral arrangement which was agreed upon between the parties hereto on
10.2.2008 and that the terms agreed to herein shall we a conclusive proof for
the acceptance of the terms and binding nature between the parties hereto.
In the presence of the witness herein the parties hereto have set their
hands in this deed on the date , month and year mentioned above.
DESCRIPTION OF PROPERTY
In Coimbatore Registration District, in Ganapathy Sub-Registration District, in
Coimbatore Taluk, in Coimbatore Municipality, in Ganapathy Village, in
S.F.Nos. 217,218 and 219 in T.S.No. 11/923/2 - T.S.No. 924/1 in this a layout
formed in this 2nd Block in Site Nos. 37 and 38 situated within the following
boundaries:-
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Admeasuring
Thus totaling to an extent of 4600 sq.ft of house site together with building
together with all other appurtenances etc.,
House Bearing Door No. 269 Part, 270 Part in 6th Street, Gandipuram
Property Tax Assessment No. 332686 Part
Electricity Service Connection No. 715 Part, 716 Part
Water service connection No. 333128 Part
The property is situated in Gandhipuram 6th Street.
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WITNESSESS:-
1. 2.
To Date: 15.09.2009
Sir,
I am your valuable customer. I wish to get pay order for Rs.7,00,000/-
(Rupees Seven Lakh Only) and I am issuing a cheque bearing No.226209.
To Date: 15.09.2009
Sir,
I am your valuable customer. I had obtained a pay order for
Rs.7,00,000/- (Rupees Seven Lakh Only) in favour of Tamil Nadu Mercantile
Bank Ltd., Account Edith Meyer Exim (India) Pvt. Ltd., and had issued a
cheque bearing No.226209 for obtaining the pay order.
I understand that the word “India” is not the proper full name and the
same has to be deleted and I request the above DD may be reissued by deleting
the word India so that the pay order may be issued in the name of Tamil Nadu
Mercantile Bank Ltd., Account Edith Meyer Exim Pvt. Ltd.,
I am sorry for the inconvenience caused to you in this regard.
With regards