THIS DEED of gift is made at Allahabad on this 15th day of June, 2025, between Mr. Mahesh Prasad, son of Shri Shyam Prasad, resident of 123, Gandhi Nagar, Allahabad, Uttar Pradesh (hereinafter called “the Assignor”) of the ONE PART
AND
Mr. Rajesh Prasad, son of Shri Mahesh Prasad, resident of 123, Gandhi Nagar, Allahabad, Uttar Pradesh (hereinafter called “the Donee”) of the OTHER PART.
THIS DEED WITNESSETH AS FOLLOWS:
WHEREAS in consideration of his natural love and affection for the donee, the assignor hereby assigns unto the donee all the book debts now due and owing to the assignor in the business of Prasad Trading & Flour Mills, carried on by him at Gandhi Market, Allahabad, which debts are more particularly specified in the second column of the Schedule hereto and are owing by several persons, whose names are in the first column of such Schedule set opposite to such respective sums, with power to demand, claim, and sue for and give receipts for the said debts in the name of the assignor or otherwise, to hold the same unto the donee absolutely.
AND WHEREAS the value of the debts gifted is Rs. 3,50,000/- (Rupees Three Lakh Fifty Thousand Only).
IN WITNESS WHEREOF, the parties aforementioned have hereunto set their hands on the day and year first above written.
THE SCHEDULE ABOVE REFERRED TO
| Sr. No. | Name of Debtor | Amount Owed (INR) |
|---|---|---|
| 1. | Mr. Dinesh Kumar | 1,20,000/- |
| 2. | Mrs. Anita Sharma | 75,000/- |
| 3. | M/s Tiwari Traders | 90,000/- |
| 4. | Mr. Suresh Gupta | 65,000/- |
| Total | 3,50,000/- |
Signed and delivered by the within named Assignor:
Sd/- Mahesh Prasad
WITNESSES:
- Mr. RAJIV MEHTA, resident of 789, Lakeview Road, Aligarh
- Ms. ANITA SRIVASTAVA, resident of 321, Lotus Enclave, Kurnool