Assignment of Decree

Assignment of Decree

This deed of assignment made this ………… day of …… 1999 between AB son of …………… residing at …………… hereinafter referred to as the assignor (which term shall include his successors-in-interest and persons claiming under him) of the one part and CD son of …………… residing at ………… hereinafter referred to as the assignee (which term shall include his heirs, successors and assigns) of the other part.

Whereas by a decree dated ……… made in Suit No. ……… of ………. (cause title) of the court ……… it was ordered and decreed that the said CD do pay to the said AB a sum of Rs. ………. with interest at ………. % and costs and whereas there is now due and payable to the said AB a sum of Rs. ……… inclusive of interest under the said decree and whereas the said AB has agreed to assign and sell the said decree unto and in favour of the said CD at and for the sum of Rs. ……….. Now this Indenture witnesses that in pursuance of the said agreement and in consideration of the sum of Rs. …….. paid by the said CD to the said AB the receipt whereof …… he, the said AB, doth hereby and hereunder transfer, sell and assign unto the said CD all moneys now due or hereafter to be due and payable to the said AB      by the said (Judgement-debtor) under an­d by virtue of the aforesaid decree inclusive of interest and costs and all benefits and advantages thereof including the right to execute the same in any manner prescribed by law to have the same unto and to the use of the said CD absolutely: And the said AB doth hereby covenant with the said CD that the said sum of Rs. ………. in entirety is due and payable to the said AB by the said judgment-debtor under the said decree and further that he has not entered satisfaction of the decree nor into any compromise or arrangement with the judgment-debtor or otherwise written off the said debt or claim with a view to exonerate him from his liability on that account and that the said decree is in full force and virtue and fully executable and that there is no cross-decree as against him and this Indenture furthermore witnesses that the said AB doth hereby and hereunder irrevocably nominate, appoint and constitute the said CD as his constituted attorney to execute the said decree, realise all moneys payable thereunder and appropriate the same for his own use and purpose to all intents and purposes.

In witness whereof the parties hereto have executed these presents on the day, month and year first above-written.

Signed, sealed and delivered by       AB in the presence of:

Signed, sealed and delivered by        CD in the presence of:

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