Power of Attorney
V.JAGADEESAN
(Querist) 10 September 2008
This query is : Resolved
X gives power to sell the property to y.
Y enters into sale agreement A. A never concludes the sale even after 12 years. Till the time X never cancels power issued. Now X wants to cancel the Power and sell the property. Mr A is whereabouts not known. Mr X has been advised to give paper notice and cancel the power and sell property. Will there be any complications from Mr Y?.Is the transaction carried out is right in law? Limitation act says agreement valid only for three years.In the above circumstances please clarify Mr X act is legally correct or not?
G. ARAVINTHAN
(Expert) 10 September 2008
Since the Sale was not completed in scheduled time, X possess to do the same
J K Agrawal
(Expert) 12 September 2008
your transaction is not illegal but police have a cause to hares you unnecessarily.
arunprakaash.m.
(Expert) 13 September 2008
After due notice to Y Mr. X can revoke his power of attorney. Scondly he can publish this notice in two prominent news papers in that area. Thirdly he can give due notice to the subregistrar stating that the power goven to so and so has been revoked. Then X does not have any impediment to sell his property.
