RELEASE DEED

This Deed of Release made, executed and entered into at Thane at this 15 th day of December,
2014 between

1. Mr. AJAY SHARADCHANDRA GANDRE, (PAN: _______________) age 45 years,

Occupation Service, having address at Flat No. 12, Highway Ashirwad CHS, Eastern
Express Highway, Oppo. Nitin Casting, Thane (W) 400 602, AND
2. Mr. SANJAY SHARADCHANDRA GANDRE, (PAN: ______________) age 44 years,
Occupation Service, having address at B-404, Prestige Park, Ganesh Wadi,
Panchpakhadi, Thane (W) 400 602,
both present today at Thane, jointly hereinafter referred to as THE RELEASERS (which
expression shall unless the same is repugnant to the context or meaning thereof shall mean
and include their respective legal heirs, successors, administers and assigns) of the FIRST
PART;
AND
SMT. SHUBHANGI SHARADCHANDRA GANDRE (PAN: ____________________) age 69
years, Occupation Housewife, having address at B-404, Prestige Park, Ganesh Wadi,
Panchpakhadi, Thane (W) 400 602, hereinafter referred to as THE RELEASEE (which
expression shall unless the same is repugnant to the context or meaning thereof shall mean
and include their respective legal heirs, successors, administers and assigns) of the SECOND
PART;
WHEREAS the Releasers are the sons while Releasee is the widow of Late Mr.
Sharadchandra Kesrinath Gandre
AND WHEREAS said Mr. Sharadchandra Kesarinath Gandre during his lifetime had
undivided share, interest and title in the plot of land bearing C.T.S No. 53A, Tika No. 21,
admeasuring 451.51 sq. meters lying, being, and situated at Village Naupada, District
Thane, alongwith his brothers.
AND WHEREAS Shri Sharadchandra Kesarinath Gandre died at Thane on 25/01/2008
leaving behind him Releasers and Releasee as his only legal heirs and successors.

AND WHEREAS for the consideration of love and affection, the Releasers were desirous of
releasing all their rights, titles, share and interest along with the benefits and privileges
appurtenant to their undivided share in the said Property post the demise of their father
Late Shri Sharadchandra Kesarinath Gandre on 24th January 2008, into and in favour of the
Releasee, absolutely and forever,
AND WHEREAS the Releasee, also showed her readiness and willingness to get released
the shares of the Releasers in the said Property by virtue of this Deed, in their favour for the
aforesaid consideration;
AND WHEREAS in the circumstances, the parties hereto have consented for the execution
of the present Release Deed on the terms and conditions more particularly setout herein
below,
NOW THEREFORE THESE PRESENTS WITNESSETH and is agreed by and between the
Releasers and Releasee, as under:
1. The Releasers doth hereby release, relinquish and surrender all their rights, share, titles
and interest, including the benefits and privileges appurtenant to their undivided share
in the said Property post the demise of their father Late Shri Sharadchandra Kesarinath
Gandre on 24th January 2008, more particularly described hereinabove and every part
thereof unto and to and in favour of the Releasee, absolutely and forever, for the
consideration of love and affection.
2. Releasee henceforth shall be entitled to hold, use, occupy, enjoy and maintain the right,
title, interest and undivided share of the Releasers in the said Property.
3. Henceforth Releasee shall be entitled to receive, realize, appropriate and consume the
entire privileges and benefits that shall be available from the undivided share in the said
Property and shall further be entitled to deal with the same in the manner she deems fit
and proper.
4. Releasee shall be entitled to use, occupy, enjoy and deal with the undivided share of
Releasers in the said Property and receive the privileges and benefits therefrom, from
time to time and the Releasers shall not be liable in any manner whatsoever in respect of
the undivided share of Releasers in the said Property and the Releasee hereby agrees to
indemnify and keep indemnified the Releasers in this regard, forever.
5. The Releasers doth hereby agree and undertake to sign, execute, file and submit all the
requisite documents, papers, deeds, instruments, etc. for more perfectly transferring
their right, title, interest and undivided share in the said Property and benefits thereof in
favour of the the Releasee and to give proper effect to the intentions of this Deed. The
Releasers doth hereby state, declare and confirm, for themselves and for the persons

claiming under them, that they have not in the past sold, transferred and/ or assigned
their share, right, title, benefits etc. in favour of any person/s, and shall not henceforth, in
future, raise any claim, dispute and/ or demand over the said undivided share in the
said Property or any part thereof or the benefits and privileges arising therefrom.
6. Execution of this Deed shall in no manner affect the contentions of the Parties in their
pending dispute No. ___________ in the Civil Court, Thane, regarding the Will of Late
Shri Sharadchandra Kesarinath Gandre.

SCHEDULE OF THE PROPERTY ABOVE REFERRED TO

Undivided share of Releasers in the Property being the plot of land bearing C.T.S No. 53A, Tika
No. 21, admeasuring 451.51 sq. meters lying, being, and situated at Village Naupada, District
Thane.
IN WITNESS WHEREOF the parties hereto have herento set and subscribed their respective
hands and seals to these presents, on the day, month and the year first hereinabove written.
SIGNED, SEALED AND DELIVERED
By the within named RELEASERS
1. AJAY SHARADCHANDRA GANDRE
2. SANJAY SHARADCHANDRA GANDRE

In the presence of
1. Mandar D. Naik
2. Sachin B. Puri

SIGNED, SEALED AND DELIVERED

By the within named RELEASEE
Viz.
SMT. SHUBHANGI SHARADCHANDRA GANDRE
In the presence of
1. Mandar D. Naik
2. Sachin B. Puri