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Santosh Chavaj   24 September 2022

One of sugar factory asking me to sign in 500 blank bond

I have sugar cane harvesting machine and for that one off sugar factory given corporate loan security for loan, but now that sugar factory asking me to do sign in 500 blank bond paper, but I have denied to sign in blank bond paper. Please suggest me I can do sign in blank bond or not. And also suggest me how to handle this issue.


 1 Replies

Dr J C Vashista (Advocate)     24 September 2022

What are these bonds meant for ?

Why it is being issued to counterpart sugarcane harvestor ?

Consult a local prudent lawyer for better appreciation of facts / documents and professional advise.

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