INDEMNITY FOR DELAYED REGISTRATION
Indemnity date: 2 April 2026
Seller: Harpreet Singh, Sector 35, Chandigarh. Buyer: Aarav Sharma, Sector 21, Panchkula. Property: Plot 118, Sector 35-A, Chandigarh (Plot/land), Residential plot measuring 500 square yards..
Underlying instrument: Sale deed executed 15 September 2026. Execution date: 1 April 2026. Expected registration: 3 April 2026.
Delay reason: Sub-Registrar appointment or administrative delay. Details: Bank release letter expected within 7 days..
Consideration already paid: ₹50,00,000 (Rupees Fifty Lakh only). Possession: Seller retains possession until registration.
Risk allocation: Seller indemnifies buyer against seller-caused loss from failure or refusal to present and complete registration.
Registration commitment: Parties will present the instrument within the section 23 period.