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Chinar   06 October 2020

Agreement clause

Please can you interpret the below clause :

"

Clause 2(a) : The Respondents have agreed to deposit as follows:

i) Rs. 5000 already received into account
and appropriated immediately on acceptance of sanction.

ii) Rs 15000  within 60 days from the acceptance of
sanction which includes the amount deposited by the
Respondents along with the Application.

iii) Rs. 20000  within 6 months from
the acceptance of sanction.

iv) Rs. 35000 within 9 months from the acceptance of sanction.

v) Rs 50000 within 12 months from the acceptance of sanction."

 

What is the interpretation of the above clause ? What is the amount due ?

 



Learning

 2 Replies

Hemant Agarwal (ha21@rediffmail.com Mumbai : 9820174108)     06 October 2020

1. Payment has to be made in staggered sequence on the relevantly mentioned dates.  Add up all the amounts to get total amount.

Keep Smiling .... Hemant Agarwal
VISIT: www.chshelpforum.com

P. Venu (Advocate)     07 October 2020

You have not posted the complete facts.


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