Cancellation of gpa
rajsekhar reddy
(Querist) 20 March 2012
This query is : Resolved
Dear expert,
We 5 persons purchased a land jointly with equal share in 1989, in the year 1990 we all 5 people have given GPA to one known elder person for convenience, in the year 1994 one of us (principle)has cancelled the GPA to the extent of his 20% share saying that the agent is using GPA for what he was not authorised for, My question is will the GPA cancelled by one of the principle is still valid or becomes null and void, if it becomes null and void can you please provide me with some citations/judgements.
Thanks.
Adv.R.P.Chugh
(Expert) 20 March 2012
Generally a GPA is revocable at will. You've not mentioned whether it was meant to be for particular transactions or a particular period of time. Nevertheless - a Principal can always revoke agency as regards his own interest (except where agency is coupled with interest - which does not seem to be the case here). This revocation would operate with respect to future acts and transactions - and won't make the entire GPA void.
ajay sethi
(Expert) 20 March 2012
GPA has not become null and void . only one co owner has revoked the power of attorney .
Raj Kumar Makkad
(Expert) 20 March 2012
The aforementioned GPA is valid only on behalf of 4 co-sharers and one has already cancelled it.
