Rights of p.o.a holder
prakash
(Querist) 11 January 2014
This query is : Resolved
sir,
Mr.A had given a registered power of attorney to Mr.B .Mr.B has sold some plots to his own wife and some plots to his friend
through the same p.o.a.The value of the same was more than the govt.fixed price.
Mr.A had instructed in p.o.a.and orally to Mr.b that the sale proceeds should be deposited in his various accounts where he has debit balances.Accordingly Mr.B deposited the amount in Mr.a's debit accounts.Now Mr.A intend to file a suit against Mr.b for selling the plots to his own wife and friend,can he do so ? Please advice.
Advocate. Arunagiri
(Expert) 11 January 2014
You can send notice for demanding statement of accounts. If you see any fraud, you can file a case u/s 406 or 420 ipc.
ajay sethi
(Expert) 11 January 2014
MR A had executed power of attorney in favour of B aauhtorising him to sell his property . if in pursuance of said POA B has sold property at market value then B is authorised to do so . Evn if A files a suit difficult for him to succeed unless he is able to show that B hs fraudelently disposed of his property
Rajendra K Goyal
(Expert) 11 January 2014
Well advised, agree with the expert ajay sethi ji.
