LCI Learning
Master the Art of Contract Drafting & Corporate Legal Work with Adv Navodit Mehra. Register Now!

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

lapse of gpa after 3 years

Querist : Anonymous (Querist) 05 May 2011 This query is : Resolved 
Property in the name of 'A'. Took money and executed an Agreement of sale/Irrevocable gpa with possession in favor of 'B'
'C ' relative of 'A' moved the court and succeeded in getting a perpetual injunction.
Now three years are over. Officially GPA has lapsed or since there is perpetual injuction that normal 3 years tenure of gpa does not apply.
Want to know what 'B' has to do regards to the lapsed GPA.
G. ARAVINTHAN (Expert) 05 May 2011
Irrevocable or limited period?
perpetual injunction once granted goes for even unless it is setaside
PALNITKAR V.V. (Expert) 05 May 2011
If the POA is irrevocable, it remains in force even after 3 years unless it is set aside legally


You need to be the querist or approved LAWyersclub expert to take part in this query .


Click here to login now



Similar Resolved Queries :