Poa

Querist : Anonymous (Querist) 31 August 2011 This query is : Resolved
I have issued POA to my uncle. Now he has sold the property to his own wife at very very low price. What legal action should i take??

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Sailesh Kumar Shah (Expert) 31 August 2011
POA IS REGISTERED OR UNREGISTERED ?

ajay sethi (Expert) 31 August 2011
is power of attorney executed irrevocable? was it registered? what were the clauses in power of attorney ?

prabhakar singh (Expert) 31 August 2011
please come back with full facts o f case or problem you have.liability would there but facts wanted.

Querist : Anonymous (Querist) 31 August 2011
POA is registered with authority to sell.

Querist : Anonymous (Querist) 31 August 2011
But he has sold property at peanuts rates. When stamp duty rate is 600/- and market rate is 2000/- , he has sold only for 40/- . Can i file criminal breach of trust. ?? what other action can be taken??

M/s. Y-not legal services (Expert) 31 August 2011
Its depends upon the contents of your power of attorney. If its formal power of attorney mean nothing can do against the transaction.

Advocate. Arunagiri (Expert) 31 August 2011
You can ask for the accounts only. You can also initiate criminal breach of trust on the POA.

You can not set aside the sale.

Sailesh Kumar Shah (Expert) 31 August 2011
Agreed with Mr. Tom.advocate and Mr Arunagiri Advocate

Devajyoti Barman (Expert) 31 August 2011
No definitely the principal- you can do against your uncle.

One of the duties of the agent is not to make conflict of interest or to act against the interest of the principal which the POA holder has just done that thing in this case.

File a suit for declaring the sale deed as null and void. You have a very good case in hand.

M/s. Y-not legal services (Expert) 31 August 2011
Thank you mr.shailesh..

Raj Kumar Makkad (Expert) 31 August 2011
This is your repeated query which was replied by all these experts on yesterday.

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