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Notice to a Guarantor of Default

At a glance

Price
₹99 · GST included
Stamp duty
No stamp duty — creates/transfers/extinguishes no right; no Schedule I-A article (Punjab or Chandigarh) charges it.
Registration
Not registrable (s.17, Registration Act, 1908).
Witnesses
Not required; proof of service matters more.

₹99

GST included

Launch period: downloads are free for now. The prices shown apply once payments open.

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Also called

  • guarantor demand notice
  • surety default notice

Whether you can fill this in here

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You can fill this one in on this site, and read the whole draft on screen before you decide anything about it. It is a carefully drafted template; it is not advice about your own facts.

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Why you need it

When you need it

For when the borrower has defaulted and the lender formally notifies the guarantor it intends to rely on the guarantee (liability generally co-extensive with the principal debtor, s.128, unless stated otherwise). States the guarantee, default, outstanding/overdue calculation, any cap and amount demanded — without exaggerating liability or hiding credits. A demand under an existing guarantee, not a new obligation; a disputed variation or release under ss.133-139 shouldn't be ignored.

See stamp duty, registration and witnesses

What follows is written for Punjab and Chandigarh. It states the position there rather than describing how it varies, so the amounts below are the ones that apply — worth confirming at the sub-registrar’s office, because rates change. If the property is anywhere else in India, none of this is yours.

Stamp duty

No stamp duty — creates/transfers/extinguishes no right; no Schedule I-A article (Punjab or Chandigarh) charges it. Letterhead; keep proof of service.

Registration

Not registrable (s.17, Registration Act, 1908). A paper that also charges property is a mortgage, needing registration + 2 witnesses (s.59, TPA 1882).

Notarisation

Not required unless the lender asks.

Witnesses

Not required; proof of service matters more.

Talk to a lawyer about this document₹3,539 including GST (₹2,999 + 18% GST), per documentRequest Stamp Paper

Sample preview — placeholder answers, not your data

NOTICE TO A GUARANTOR OF DEFAULT

Notice date: 2 April 2026

To Naina Sharma, Sector 21, Panchkula.

From ABC Bank Ltd, Sector 17, Chandigarh. Borrower: Aarav Sharma, Sector 21, Panchkula. Loan: HL-2026-118; facility amount ₹90,00,000 (Rupees Ninety Lakh only). Guarantee: Guarantee dated 10 June 2024.

BORROWER DEFAULT

Type: Scheduled instalments unpaid. Details: EMIs due 1 July, 1 August and 1 September 2026 remain unpaid.. Prior/relevant borrower demand date: 1 April 2026.

AMOUNTS

Principal/outstanding stated: ₹72,00,000 (Rupees Seventy Two Lakh only). Current overdue/demand: ₹3,50,000 (Rupees Three Lakh Fifty Thousand only). Guarantee basis: Lender relies on guarantee according to its written terms and applicable law.

DEMAND / RESPONSE

Respond/pay as required under the guarantee by 3 April 2026. Response route: Write to Recovery Manager at lender address quoting loan reference..

This notice relies on the existing written guarantee and does not enlarge it. Account statements and the guarantee terms remain the basis for the amount lawfully recoverable.

Questions about this document

Does the Notice to a Guarantor of Default need stamp paper or stamp duty in Punjab and Chandigarh?

No stamp duty — creates/transfers/extinguishes no right; no Schedule I-A article (Punjab or Chandigarh) charges it. Letterhead; keep proof of service.

Does the Notice to a Guarantor of Default need registration in Punjab and Chandigarh?

Not registrable (s.17, Registration Act, 1908). A paper that also charges property is a mortgage, needing registration + 2 witnesses (s.59, TPA 1882).

What does the Notice to a Guarantor of Default cost on Kaagazaat?

₹99, GST included.

Launch period: downloads are free for now. The prices shown apply once payments open.

Does the Notice to a Guarantor of Default need witnesses?

Not required; proof of service matters more.

Often needed with this document

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