Format pack, 3 formats · FV07-J13

Settlement of Debt, One-time Settlement and Restructuring

An agreement to take less than the whole, which under section 63 of the Contract Act binds the creditor the moment he makes it, and which therefore has to be drafted so that nothing is given up until the money is actually in the account.

Length
8 pages
Blanks to fill
146
Files
Word and PDF
Law stated to
14 September 2026

The 3 formats inside

  1. 1Settlement agreement for a defaulted debt, with a revival clauseLender, borrower and guarantors · conditional discharge96 blanksOn its own₹149
  2. 2Consent terms for filing before a court or tribunalOrder XXIII Rule 3, Code of Civil Procedure 1908 · adapted for the Debts Recovery Tribunal36 blanksOn its own₹149
  3. 3No-dues certificate and release of securityIssued by the lender after the final payment39 blanksOn its own₹149

Read the opening

The first part of “Settlement agreement for a defaulted debt, with a revival clause”, as it downloads. Blanks are highlighted.

[On an e-stamp certificate of the value chargeable under Article 5 of the State schedule, in the name of the Borrower]

SETTLEMENT AGREEMENT

THIS SETTLEMENT AGREEMENT is made at [Place of signing the Settlement Agreement] on this [Day of the month the agreement is made] day of [month, year]

Among

(1) [Name of the lender], [a banking company constituted under [statute] / a non-banking financial company incorporated under the Companies Act 2013 bearing CIN [CIN]], having its [registered / head] office at [Lender's registered or head office address] and acting through its [branch / asset recovery] office at [Lender's branch or asset recovery office address], hereinafter called the “Lender”;

(2) [Name of the borrower], a company incorporated under the Companies Act [1956 / 2013] bearing Corporate Identity Number [CIN] and Permanent Account Number [Borrower's PAN], having its registered office at [Borrower's registered office address], hereinafter called the “Borrower”; and

33 more paragraphs and tables follow in the full format.

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