COMMERCIAL VEHICLE ATTACHMENT AGREEMENT
This Agreement is made at Chandigarh on 2 April 2026 between:
Balwinder Singh, of Village Majri, SAS Nagar (Mohali), Punjab (the "Owner"); and
Tricity Cabs Private Limited, of Plot 14, Industrial Area Phase 1, Chandigarh (the "Operator").
- 1. THE VEHICLE AND THE ATTACHMENT
1.1 The Owner attaches to the Operator the vehicle Maruti Suzuki Swift VXi, white, registration number PB10 AB 1234, which is a taxi or cab (the "Vehicle"), from 1 April 2026 to 2 April 2026.
1.2 The Owner remains the registered owner and keeps the RC and the permit. The Vehicle is not sold, pledged or transferred by this Agreement.
1.3 Permit: Tourist permit no. PB/TP/2026/1234, valid to 31 March 2031. The Owner states that the RC, permit, fitness certificate, insurance and pollution certificate are valid, and shall keep them valid and give the Operator copies. The Operator shall not use the Vehicle for hire if any of them is missing or has expired.
- 2. TERMS FOR THIS KIND OF VEHICLE
2.1 Taxi or cab: Runs on the Operator’s bookings from the Chandigarh airport and railway station stand; two shifts a day.. The Vehicle shall carry only the number of passengers its RC and permit allow, and shall be driven by a person holding a licence valid for a taxi.
- 3. PAYMENT AND COSTS
3.1 The Owner is paid on this basis: a fixed amount every month. In detail: Rs 38,000 a month, paid by the 7th of the following month.
3.2 The Operator shall give the Owner a statement of trips, earnings and any deductions with every payment, and the Owner may inspect the records on reasonable notice. Tax, including any GST or TDS the law requires on these payments, is deducted or paid by the party the law makes responsible.
3.3 Driver: The Owner provides a driver. Costs: The Owner pays fuel, servicing and repairs.
3.4 The Owner has paid the Operator a security deposit of ₹25,000 (Rupees Twenty Five Thousand only). It carries no interest and is returned within thirty days after the attachment ends, less any sum the Operator properly claims for a loss caused by the Owner’s breach.
- 4. INSURANCE, CHALLANS AND ACCIDENTS
4.1 The Owner shall keep a valid commercial insurance policy for the Vehicle, with the cover the law requires for passengers, goods or children as the case may be.
4.2 Challans and fines for acts of the driver or the Operator during a run belong to the party that provided the driver. Challans for a missing or expired paper of the Vehicle belong to the Owner.
4.3 After an accident, theft or damage, the Operator shall at once inform the Owner, the police where the law requires, and the insurer, and the Owner shall make the insurance claim. Neither side shall settle a claim for the other without consent.
- 5. ENDING THE ATTACHMENT
5.1 Either side may end the attachment early by giving thirty days’ written notice. The Owner may end it at once if payment is more than thirty days late, and the Operator may end it at once if the Vehicle’s papers lapse or the Owner breaks the terms of clause 2.